NOON CLIMB

Markets have shaken off the crummy jobs number and all the major indexes are trading in the green. Rick Santelli on CNBC gave a pretty good reason, the numbers are now unimportant because the FED has your back and has taken the risk out of owning stocks. Probably true.

Strongest sectors- ags, oil service, oils, utils, internets, drugs and defense while gaming, banks, telecom and homies lag.

NYSE- 650 net winners;

NAZ- 333 net winners;

NDX- 60 GREEN;

OEX-65 GREEN;

IBD-75 GREEN;

VIX- lower by 4%;

Up volume 3/2 Down volume;

OIH EWZ now in positive territory for the year and probably going much higher before too long. Big tech acting well with nice gains in GOOG AAPL BIDU INTC -

Brokers have also turned green while the big banks are still lagging and red.

NAZ/NDX/MID continue to lead higher and as long as that is the case, the markets probably continue up to the 1390 level on the SPX.

The Quant with some more VIX stuff;

Barry on the real jobs story;

More bullish stats from BIG;

Straight Talk Express?