THE OPEN

Markets ripping higher this morning on the heels of higher $$$$, lower commodities and an Obama bounce in the polls.

NYSE- 1450 net winners;

NAZ- 1115 net winners;

Strongest sectors include airlines, retail, gaming, homies, banks, telecom and trannies while metals, oil, ags and shipping are lagging.

VIX- flat at 20.7;

TRIN- 1.22 with up volume 2.5X the down;

Gold- $803;

Crude- $108.5;

Financials losing a bit of their luster but the money day trade for weeks has been to buy daily fades and hold for the close as the markets have closed at their highs or lows just about every day for weeks.

No new Palin updates except intrade now has the betting at about 12% that she gets yanked from the ticket- Obama at 61+ and McCain now dipping (buy) to the mid 38's.