THE OPEN

Amazing, I leave for a few days and come back and look at the early markets and yowza tech/oils/metals all higher while banks/brokers/real estate and retail lower. Who would have thought.

Anyhow, the DJIA is +25, NAZ+11 and SPX +2.

Strongest sectors- China, oils, trannies, emerging markets, defense, utils, metals and internets while banks, real estate, brokers and homies lag.

Key stocks - 25 out of 40 higher led by GRMN BIDU POT MTW AAPL M RIMM ISRG-laggards- VMW C MS MER LVS UA MCD GE WYNN BAC MGM GS;

Internals- NYSE +500/NAZ +300;

NDX- 60 GREEN;

OEX -60 GREEN;

IBD 100-85 GREEN;

WINNERS- GRMN MICC AKAM FLEX JOYG BA CI ROK AES GOOG NXY AA BNI BIDZ FSTR SNDA BOOM GIGM TKC CTRP PCLN FCSX;

LOSERS- SDA CCH PDA TLVT HOLX ANSS MCRS MR WYNN ARGN COF WB LTD RF HD EMC TGT LEH C BBBY DISH SYMC FAST SBUX BRCM UAUA;

VIX -up a hair at 26.35 and under the 10 day SMA;

Congrats to the folks owning the 10 year bond as it now sinks under the 4.00% level;'

Up volume a bit higher than Down volume but lets call it even;

Levels to watch on the SPX- 1,450 as major resistance with support near the 1,425 level;

NDX- 2,025- the 50% retracement level still major support while resistance near 2,065, recent highs.

Most RSI (2) levels on major indexes near 70;