MORNING MARKETS

Equiities are trading higher on the heels of lower crude which is down to $141 or lower by about $3 - so far.

Strong sectors include chinese stocks, steel, internets, airlines, semis and tech while metals, banks and drugs lag.

NYSE 735 net winners;

NAZ 685 net winners;

NDX-80 GREEN;

OEX- 80 GREEN;

VIX flattish at 24.95;

Up volume 2X down;

Financials not participating with the broad markets so far and that doesn't bode well - GS LM MS BAC JPM MTB WB all red- .

Looks like the place for today is the NDX and a day trade on QLD could work on pullbacks.

Some interesting facts on markets so far in 2008- SPX range 220 points low to high;

2007- total range - 1576-1364 or 212 points;

2006- total range 1432-1220- 212 points;