OPENING MOVES

Markets are generally higher with the DJIA/NAZ solidly green and the SPX flat -

Strong sectors- telecom, retail, biotech, drugs and tech while metals, ags, steel, oils, shipping and brokers lag.

NYSE- 250 net losers;

NAZ- 460 net winners;

NDX- 70 GREEN;

OEX- 50 GREEN;

IBD- 64 GREEN;

VIX- flat at 22.7 area;

Down volume a bit ahead of up;

Markets not giving me lots of confidence as the breadth on the NYSE continue to be red while the financials aren't participating- note GS and all big banks /brokers trading red.

Also, beginning to feel that if we don't go up near 1290 SPX soon - we are going back down near the 1215 lows from the other day-