THE OPEN

Markets opened higher but are well off their best levels and the highs of yesterday are probably some numbers to watch- DJIA 9350 and SPX 970 as big resistance.





Strong sectors- ags, emerging markets, gaming, shipping and oils while banks, bio and drugs lag.





NYSE- 2050 net winners;


NAZ- 1540 net winners;


NDX- 85 GREEN;


OEX-90 GREEN;





DJIA- 26 GREEN with XOM JNJ GM MMM all red;





VIX- down 6% at 65.4;





Up volume about 8x the down;





RSI (2) levels a hair above 80 on the major indexes and the markets may be set for a short trade from here- waiting for another lift higher and probably going to use at/near yesterday's highs as the stop.



The latest on T Boone;

Frugal GOOG;

Where has all the money gone?

Finally, the BIG JOKE;