THE OPEN

Markets are gaining momentum with the early winners being oils, metals, bios and small caps. Internals show 1,700 more winners than losers and if the small caps and techs can keep the lead, the markets may make some headway today.

Many were expecting a quiet market with rallies sold and dips bought but so far a bit of an upward surprise.

More gibberish from the CNBC "journalists" about a soft vs. hard landing. Not sure how they define each but I suspect that both are eventually bad for equities.

More new from our friends in Iran as the IFX say "Iran soon to announce new nuclear achievements." Aren't they just the best.