gapping up

Markets look to open higher this morning on the heels of lower crude and a potential new bid for BSC at/near $10. Apparently some of the wording in the agreement was not very good and Jamie is trying to get a new deal done quickly- also trying to keep some valuable employees.

Bullish stuff on realmoney.com from Cramer etal while the folks at Schaeffer are not so sure.

Technically, we are gapping to a spot that was a pretty big sell area last week- (SPX 1340). Also overhead resistance above at SMA 50 at/near SPX 1345.

Gapping Up- TIF BSC CFSG WAG ACMR TWN SPIL EWT TSM UMC FMT CIT PMCS GW MON RIO POT COL CAM BIDU ORCL GOOG;

Gapping Down- RYAAY HANS WYNN MAR BAX TKC CNQR HURC HES;

10 Year yield- moving higher at 3.434%;

Interesting look at Federal Withholding receipts and how they may impact the economy/markets;