OPENING MARKETS

Markets open flat as a deal (COMS) is back on the board and that should help the markets in the short run (probably not today).

Strong sectors include metals, semis, oil service, retail, biotech and defense while drugs, gaming(WYNN), banks, airlines and reits lag as does value and small caps.

NYSE internals -250

NAZ internals -460

NDX 50 WINNERS;

OEX 35 WINNERS;

IBD 100 55 WINNERS;

Key stocks GREEN- BG CELG CME COST CROX IBB IBM MO POT XOM;

Key stocks RED AAPL AMZN BAC BIDU C GE GOOG GS ICE JPM MGM MS MER NYX RIMM WFC;

Big winners- TGT AVP AEP SLB GD CAT BHI ALL AMGN WMB LOGI ESRX AKAM MICC SHLD INTU FAST WFMI COST LRCX SNHY CRNT GPOR SCHN OII OMCL EDU PCLN CLB PRFT;

Big Losers- JRJC ACM MHJ VSEC HURC CPLA SYNA CTV ESI AFSI MBT SNDA DELL MRK MS DOW RF F LTD ATI BNI ATI JPM WY T SLE WYNN RYAAY NTAP FLEX RIMM SBUX GENZ APOL;

VIX flattish and still way oversold;

UP /DOWN VOLUME about equal;

Markets are selling off as I type and I expect that will continue into next week.