THE OPEN

Markets open higher as the rally from yesterday continues. Today's rally is broader as the internals are much better than yesterday despite the higher ramp on the DJIA.

Strong sectors- brokers, banks, real estate, internets, homnies, semis and retail while metals utils and drugs lag.

Key stocks- 36 out of 40 green led by VMW MER C MS WYNN GS NVDA ISRG MA and LVS with UA PG KO MSFT and GOOG lagging.

Market internals-

NYSE- 2,100 net green;

NAZ 1,420 net green;

NDX 80 WINNERS;

OEX 80 WINNERS;

IBD 100 -85 WINNERS;

WINNERS- MICC WYNN ISRG EBAY NVDSA SPLS JOYG QCOM MER C LEH AIG COF GS BCSI PDA GSOL SID MEE SID STP MICC;

LOSERS-BIDZ SNDA TLVT SLT PKX HDB AMGN CL EP ABT JNJ MDT PG CBS MRVL SIRI XMSR TLAB ADSK GENZ UAUA;

VIX -24.55 and down about 6.6% and trading about 6% under the 10 day SMA;

Up volume about 7x Down Volume;

Technically, the numbers I am watching, SPX 1450, prior support and probably heavy resistance now as traders look at it as a temporary stopping point. Support may reappear near 1,435 and then 1,420. NDX also has resistance at 2,060 and big support at 2,025- the start of the easy trade.

Folks owning OIH- big $10.43 dividend on the GSF/RIG deal completion so its not down $7 but up $3.5.

GS owners, next stop could be back at $229, the next FIB retracement area.