OPENING JITTERS

Markets trade a tad higher as we are very oversold and maybe heading for a sustained bounce.

Strong sectors are where a bull wants them, Xchanges, brokers, banks and tech; weak are real estate, airlines, integrated oils, drugs and biotechs.

Winning stocks inlcude NVDA CELG BRCM DISCA FAST ISRG GRMN SLB BA ATI LEH MMM BAC WFC DECK DRYS CF PCR ICE CME GS NYX NMX.

Losing stocks include - NTGR EDU MR OYOG WY COP EP CBS XOM SEPR VRSN CTXS BIIB PDCO MCHP and MSFT.

Market internals started ugly on the NYSE but have since flipped to green and now show about 450 more winnners than losers while the NAZ internals are a hair in the red.

Both the NDX/OEX internals show 3/2 green to red.

Volatility indexes down but hardly cratering as the VIX is lower by 4% and the VXO lower by 1%.

The best performing indexes are the Mids and the NDX- the QQQQ is already trading over $49 and a mere $1.5 from its 52 week high it hit a few days ago.