EARLY CHOP

Markets are open and I will call this a mixed open as the DJIA is up a hair while the NAZ is down a little less than 1%- Bernancke is speaking as I type so things could change quickly.

Strongest sectors- metals, internets, junk, retail drugs and ags while energy, real estate, banks and semis lag.

NYSE/NAZ about 500 net losers on each;

NDX- 35 GREEN;

OEX - 50 GREEN;

VIX- flat at 34.65;

Gold higher by about $8 at $910;

Markets just churning for now but a move higher this afternoon is probably in the cards as lots of folks want in on any dip- SPX monthly R2 resistance at around 912 may be a target for late in the day or later in the week.