THE OPEN

Markets are higher on the heels of liquidity moves by the fed this morning. The DJIA is +235, NAZ +38 and SPX +23.

Strongest sectors- banks, brokers, ags, emerging markets, real estate and homies while semis, biotech, tech and internets lag.

Key stocks- 39/40 GREEN led by MS C POT MTW BIDU GS- lagging- SMH UA CELG MO MCD GRMN PG;

NYSE- 2280 net winners;

NAZ- 1500 net winners;

NDX- 90 GREEN;

OEX -95 GREEN;

IBD 100- 94 GREEN;

IBD 20- list out this AM and 12 of the 20 are in the oil patch. Just wondering if thats another topping signal. RIG EOG XTO HAL HES SU DVN NXY CHK CNQ APA ECA;

VIX- 27.7 and down almost 6% - trading 6% above the SMA 10;

TRIN -1.08;

For now - looks like resistance on the SPX and the DJIA are the 1,300/12,000 levels. If its gets there -1,315 on the SPX should be very important as it was the big line of support before the last few days.

RSI (2) levels at near 60;