THE OPEN

Markets open higher and the DJIA up 95, only a few points away from the old closing high in July. The RUT is the best performing major mkt index, higher by 1.15% compared to .58% on the SPX.

Strongest sectors include homies, emerging markets, semis, utils, brokers, defense, small caps and reits while integrated oils and consumers are lagging.

NYSE internals +1525;

NAZ internals +915

OEX 90+WINNERS;

NDX 80 WINNERS;

IBD 100- 80+WINNERS;

Key stocks in the green include AMZN BAM BG C CELG CME COST GE GOOG GS IBB ICE ISRG JM LVS MA MGM MO MS MER NYX POT UA WFC XOM; RED stocks include AAPL BIDU CROX RIMM KSS LTD GES CVS COH AMGN DNA;

BIGGEST WINNERS- LWAY EXM CRNT GPOR DSX HMSY PKX TBSI ARGN FSTR AES MER HD ATI CSC GOOG EXC USB AEP CI JOYG CTSH KLAC SYMC XLNX MNST ERTS GENZ;

BIGGEST LOSERS- GRMN ESRX RIMM ADBE QCOM MRVL SNDK ADSK CTXS JNPR COP LTD AA AMGN T TWX CCU BAC CPB HET BUD CVX DWSN BIDU NVT EDU PAY FTI NLC PCLN;

VIX lower by 2.5%;

Markets back to over bought territory on the morning ramp as new beginning of the month money shows to give the markets a boost. I suspect a pullback in the next few days as the DJIA 14K probably gets sold.