OPENING RAMP

Markets open mixed and rocket higher as I write.

The SPX/OEX/DJIA are higher while the NAZ/RUT complex are up but more moderately. Large cap value is also a big out performer.

Other strong sectors include gaming, banks, utilities, defense, trannies, tech and oils. Leading lower- biotech.

Key stocks are mixed with ICE NYX BSC LEH GS MER MS MA BAC JPM AAPL LVS MGM GILD all higher. Lower are BOT NMX SMH KLAC XTO VLO AMGN and BYD.

Market internals have flipped big and they are now very bullish with the OEX now at 8.5/1.5; the NDX at 7:3 up to down and the IBD 100 also at 7:3 green to red.

Winners include MTOX HURN PCU BWLD BLUD DXPE GM GD BA GE UTX DOW JPM FLEX APOL QCOM JOYG WYNN NIHD and SYMC.

Biggest losers include IGLD TNH HURC GSOL PRFT IDSA TWIN AMGN AMAT WFMI MNST MXIM ALTR BDK WY KO JNJ and NSM.

Volatility indexes lower by about 3% and trading near their 10 day SMA's.

Well sure am glad I wrote that opening missive as that looks pretty good for now.