OPENING TELLS

Markets open higher but still lots of trading trepidation. The DJIA +62, NAZ +15 and SPX +8.





Strongest sectors - emerging markets, metals, telecom, oils, internets and utils while brokers, airlines and banks trade lower.





Key stocks- 27 out of 40 higher led by NVDA UA INTC ICE C KLAC CME MCD NYX and XOM- losers- GRMN MS GOOG TIF GS LVS MGM ISRG MER POT MA.





NYSE- 1,300 net gainers;


NAZ- 700 net gainers;


NDX-80 WINNERS;


OEX-80 WINNERS;


IBD 100-80 WINNERS;





VIX -down a quick 4%;





Market not acting that well despite strong internals as GOOG AAPL RIMM ISRG VMW BSC GS LEH MER MS TROW JPM MA USB WFC all trade lower.





The NDX is also acting doggy up about .28%, well behind the SPX.

And is Cramer's new focus on Long Term investing signalling the beginning of short term rally?

For what its worth, here is Jeremy Siegel's 2008 outlook. Not that different from mine.

Technically, the SPX is above the 1,450 area but not real positive it will stay there as the leading stocks kind of indicate this rally will not hold. Maybe the afternoon will be better as the internals hold up. So the usual mixed tells.