THE OPEN

The markets are higher out of the gate led by the Oils(+1%) and the Metals(+2.5%). VLO is leading the refiners higher as it hits another new 52 week high. The brokers (+.5%)GS +2, SOX (+.4%), GOOG+3, MSH (+.5%) are the winning sectors and there are not many meaningful losers.

INFY(+10%) SAY(+6%) CTSH(+3.5%) all continue to rip higher on the INFY earnings release from last Friday.

Market internals are 450 to the green and the SPY is higher by 30 cents. The Pivot Point today on the SPY is 128.75 and hopefully it stays in the rear view mirror. Resistance on SPY is 129.2 and double resistance is 129.7.

The Volatility Sisters are moderately higher after the 3 day vacation.