OPENING STUFF

Markets opened higher but low and behold the leading major market index as I type, the RUT followed by the MID's. Some interesting action in the over bought tech sector as AAPL AMZN EBAY GOOG HPQ KLAC HHH BIDU all lower. In the financials, XLF BAC C JPM MA USB WFC BEN LEH MER MS TROW NYX also all red.

Best sectors- defense, biotech, small caps, oils, airlines, semis and brokers;

Market internals;

NYSE +1375

NAZ +900

UP Volume- about double down on the NYSE;

OEX 75 GREEN;

NDX 65 GREEN;

IBD 100- 72 GREEN;

WINNERS- JRJC MHJ CMJ VOVP ARGM C,ED TLC CRMT TDG MRVL RIMM XMSR MICC WFMI DISCA SNDK SIRI IACI GM F AVP CI AA WMB ATI CMCSA CSCO HIG;

LOSERS- USB MER GOOG LEH COF CAT WFC HD ORCL SLB DELL DOW BIDU EXM MA GRMN LAYN VSEA VSEC PCLN BHP DRYS FSTR VRSN JNPR MNST LINTA SEPR AMZN ERIC XLNX;

VIX down another 4% and near 20% below the 10 day SMA;