OPENING SURPRISE

So who didn't expect a lousy job number and why are the markets up in light of all the bad news? Maybe they were just a bit oversold and maybe most of the sellers got out yesterday during the big sell off.

Anyhow, DJIA +35, NAZ +20 and SPX +7.

Strong sectors- banks+2.8%, semis +2.7% and at/near 50 SMA, brokers+2%, real estate, small cap value, homies, and retail while ags, oils, utils, metals and gaming lag.

NYSE- 400 net winners;

NAZ- 250 net winners;

NDX -70 GREEN;

OEX- 65 GREEN;

IBD 100- 38 GREEN;

Up volume double Down volume;

TRIN- .60;

Markets are surprising most but I suspect we are not out of the woods just yet. Also, I suspect many traders covered their some/most shorts early this morning at/near the open. I know I did.