OPENING CHECK

Markets are way up on the heels of the good news from INTC/JPM and a few others. The DJIA +145, NAZ +38 and the SPX +16. And for what its worth, the first dip was just bought pretty pretty significantly.

Strongest sectors- metals, semis, ags, steels, banks, homies and transports while airlines, drugs, gaming, utils and retail lags.

Key stocks- 35 /40 in the green led by BG POT INTC BIDU MONKLAC MS SMH- laggards- LVS UA MGM PG AMGN KO GOOG;

NYSE- 1840 net winners;

NAZ- 1255 net winners;

NDX -90 GREEN;

OEX-80 GREEN;

IBD-93 GREEN;

VIX- down 6% and trading about 6% below the SMA 10;

Up volume about 6x down volume;

Looks like a buy the dip day as just about every equity is moving on up- high tick readings and the only question will be how big the volume is at 4:00.