PRE MARKET TALK

Markets are set to open higher on the heels of higher crude (+1%) and a terrific earnings report from RIMM.

The SPX should be an interesting trade again today as it will open a hair above its 50 day SMA which was rejected yesterday.

Gapping up- RIMM APOL KOMG DSTI HOKU CRYO HLYS CBH TASR PCLN FLR ARBA JBLU;

Gapping down- AHM TIBX PALM CPO TM CCL;

In other news, a supposed car bomb found in London;

Kaufman declares MOT to be a slowly developing turnaround story;

HLYS upgraded to outperform at CIBC;

And in conversations which should have taken place but didn't, Joe Kernen with some strategist this morning predicting markets would be up about 9% this year; well Joe why didn't you ask why he doesn't sell everything in his non taxable portfolios and go to money market funds and out perform with a risk free 2.5% for the rest of the year- Yes, a common sense question that will never be asked a CNBC guest strategist.