THE OPEN
Stocks open flattish with the DJIA +5, NAZ +4.5 and the SPX +2.
Strongest sectors include homies, trannies, utils and internets while metals, oils, semis and telecom lag.
Key stocks- mixed with MON DECK CME POT BG NYX BIDU green and MA NVDA LVS WYNN RIMM UA KLAC lower.
NYSE/NAZ internals slightly green with 500 net winners;
NDX-60 GREEN;
OEX-60 GREEN;
IBD-45 GREEN;
VIX- flat;
Up and down volume about equal;
Treasury rates up after the Big Ben speach with the latest quote on the 10 year Note at 4.013%- commodities also took a hit with GOLD down $16 and CRUDE lower by about $1.5.
Jeff Saut with some new thoughts on stuff stocks;
Ranking the Newspaper sites;
The Newsletter take;
Toddo on Crude realities;
Kellner on the housing turn;
More on the VIX;
Hard to see how the markets will get much traction with oil and the financials lagging as they are both big chunks of the major indexes. Sitting on my hands waiting for better entries.
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