THE OPEN

The gap has been faded - now lets see how the theory works - the bad news C JPM BKX all way down with the recent weakness in JPM being the newest worry for investors/traders.

Strong sectors- metals, emerging markets, ags, internets and oils while banks, shipping and biotech lag.

NYSE/NAZ flattish internals;

NDX/OEX- about 70 green on each;

VIX- down 6% at near 75;

Gold moving on up at 775;

Crude- flat at 49.7;

The gap is now filled with the RUT the usual - the worst- lets see if this gets bought- if so it could be the buy a dip day for the first time in quite a while.