OPENING STUFF

Markets are higher this morning with the DJIA +85, NAZ +19 and SPX +12. The RUT/MID complex is again the strongest of the indexes as both are gaining about 1.3%. Strong sectors:

Homies- +3.4%

Real Estate+2.5%

Reits+2%

Airlines+2%

Metals+2%

Brokers+2%

Laggards:

Trannies-.2%

Gaming FLAT

Tech +.43%

Biotech +.6%

NYSE internals+1470

NAZ internals +1100

OEX -80 WINNERS- COF GS WB ATI WY MER AA CAT EXC; LOSERS- CMCSA NXY MSFT HNZ GM CPB TWX EMC TGT KO;

NDX -75 WINNERS-JOYG PCAR NIHD DISCA RIMM FAST CTSH PETM MNST SPLS; LOSERS- XMSR SIRI CMCSA JNPR MICC LINTA LAMR MSFT MRVL CHRW;

IBD 100- 80 WINNERS- TKC TRAK NVT BIDU BHP FTK BBL VDSI PKX GLNG CTRP FLIR VIVO; LOSERS- CNQ SNDA BCSI GPOR PCLN LFC TBSI DSX PCP AIRM FSTR;

VIX-under 20 and down about 2% and looks like the up trend is over;

CNQ down about 4.5% this morning and I see no news. It has had a huge move but some very smart folks love the stock. It is about 16% of the FAIRX portfolio on last look and also a big position at WGRNX.