THE OPEN

Markets open higher as the DJIA regains about 1/3 of yesterdays losses in about 15 minutes of trading. The RUT is out performing a bit with small value leading the way while the mids are a bit worse.

Strongest sectors include silver stocks, metals, real estate, homies, oils, brokers, exchanges, semis and tech. Lower are big cap biotech, drugs and retail.

The screens are mainly green for key stocks with C MER GS MS BSC CME ICE BOT NMX GE MGM LVS GILD SGP FDX AMZN EBAY GOOG AAPL MSFT BIDU CSCO KLAC all green while MA JPM JOE TIF KSS TGT WMT WYNN AMGN and YHOO all trade red.

Big cap winners include ATI ORCL HON BNI COP WMB NVDA MNST LAMR AMAT VMED and INFY while losers include ATVI WYNN IACI FAST JOYG PDCO AVP LTD BAX JNJ KFT and AXP.

IBD 100 winners include ACH TNH LFL PTI EDU COGO PCU and SYNL losers- HRT FLIR GROW HLTH COH MTOX and CNS.

Market internals on the NYSE look great with 1,400 more winners than losers while good on the NAZ with 740 more up than down.

The OEX with about 4/1 up to down while the NDX is about 2:1.

Vol indexes down about 3% as the fear starts to come out of the markets as the slow upward drift to the old SPX highs probably begins yet again.