MORNING DOLLARS
Markets open higher with the DJIA +230, NAZ +44 and SPX +30 as I type.
Strong sectors include banks, emerging markets, energy, brokers, ags and large cap value while metals, homies, biotech and small caps.
NYSE- 975 net winners;
NAZ- 200 net winners;
NDX-80 GREEN;
OEX- 85 GREEN;
IBD- 50 GREEN;
VIX- down 10% at near 42;
Up volume 4X the down;
FWIW- interesting how Haines mentioned the imbalance on the close yesterday as the specialists had to come in and loads of stock at the close- wonder how much money they made when they sold this morning?
Anyhow, I still think this rally gets sold later in the day.
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