MORNING MARKETS

Markets opened higher and haven't look back and the guy from DR Horton must have given his outlook yesterday the way markets are trading.

strongest sectors include semis, gaming, brokers, emerging markets, reits, retail, internets and homies. Weakest include biotech and utilities.

Market internals are very bullish with 9/1 the up to down ratio on the OEX/SPX/NDX indexes.

The NYSE/NAZ net green is 2,040/1,300. IBD 100 also with over 90 winners.

Volatility indexes crushed with the VIX/VXO combo each down in excess of 10% and now trading under the magic 90% of 10 day SMA number.

Strong stocks today include GS MER MS MSC LEH ICE NYX CME MA MNST NTAP KLAC NVDA AKAM SNDK F ATI NSM TGT and GOOG.

Weak sisters include S WY XOM AMGN CCU CVX PEP BEAS AEOS and CHKP.

My plan is to sell into the SPX 1415 area as that is the 50% retracement area. So maybe another lift this afternoon will get us closer to the target.