The Open

Markets open higher with the DJIA +50, NAZ +11 and the SPX +8.

Strong sectors include china, ags, steel, oils, emerging markets and metals with gaming, internets, biotech, utils, and retail lagging.

Key stocks generally higher led by BG KLAC ISRG C NVDA BIDU DECK laggards- MGM MS PM TIF CAT IBB LVS;

NYSE- 1,000 net winners;

NAZ- 385 net winners;

NDX-55 WINNERS;

OEX-60 WINNERS;

IBD-88 WINNERS;

VIX flat;

Up volume 3X Down volume;

Markets are up but off their best levels and looks like folks want to sell the 1380/12/700 numbers on the SPX/DJIA;

Brokers such as GS started much higher but are now giving up half the gains.

Bottom line-looks like a place to look to scale out as the technicians say sell 1380- 90 SMA- and the 38.2 FIB retracement area.