MORNING MARKETS

Markets are strong at the open as the NAZ is +37, DJIA +67 and SPX +9.

Strongest sectors - metals+4.5%, oil service+3% with the OIH about $20 off of yesterdays bottom, semis+1.7%, tech+1.7% and trannies+1.7%- losers- utils-2.1%, airlines-1.6% and internets HHH-1%;

SPX sectors-

XLB +2.1%

XLE+2.1%

XLI+1%

XLK+1%

XLY+.6%

XLU-1.25%

XLP-.6%

XLV -FLAT

Key stocks- 35 out of 40 higher- leaders- BIDU DECK POT GRMN UA RIMM BG NVDA GOOG CME ICE MTW MGM INTC- laggards- PG CELG MS GE MA BAC GS;

NYSE- 1,200 net winners;

NAZ-1125 net winners;

NDX-65 GREEN;

OEX-60 GREEN;

IBD 100-85 WINNERS;

Market move yesterday continues as stocks are still way oversold with the NDX about 12% below its 50 SMA, SPX 6% below and DJIA 5% under;

Return to normalcy also as oils, metals and big cap tech lead the way;