THE OPEN

Markets open higher but feels like it wont hold or rip higher with the DJIA +25, NAZ +11 and SPX +1.

Strong sectors include shipping, telecom, ags, metals and biotech while oils, real estate, banks and homies lag.

NYSE- 600 net winners;

NAZ- 660 net winners;

NDX- 70 GREEN;

OEX- 60 GREEN;

VIX - down 3% at/near 58;

Up and down volume about equal;

ISM the worst since reporting began in 1998 at 38.9 v 41 consensus;

Looking for a choppy day as the markets has been up pretty far of late- so looking for some shorts as the morning moves out DUG QID DXD.