OPENING LOOK

Markets open higher as yesterday afternoon's selloff is quickly put in the rear view mirror. Not sure what happened but the markets gained much of the pre 4:00 selloff back immediately after the close. Maybe some end of the month shenanigans in light of what is happening this morning.

Market internals are uber bullish with 3,000 more winners than losers with best performing sectors being metals, semis, small caps, retailers, brokers, airlines and biotechs. Oils are flat and the volatility indexes are getting wacked down 3/6%. The 10 year Bond should be watched as it sinks below the 5% level, so maybe the thought is stocks are cheaper as interest rates fall.