HIGHER OPEN

Markets open higher with sectors benefiting from lower oil prices leading the way such as airlines and trannies acting best with tech, drugs, and retailers also doing well.

GS and the brokers are also higher on the nice earnings report and news of the big buyback.

Biotechs and internets are a drag while the oils opened higher but are coming back near the unchanged lines.

Market internals are strong with about 1,700 more winners than losers.

Volatility indexes have not dipped much on the recent move up in the markets and the VIX/VXO tandem are each a bit under the 13 level.