THE OPEN

Markets bouncing around with a slight bias to the upside as the NAZ and tech are strong while small cap value lags.

Strongest sectors- metals, ags, gaming and internets while real estate, banks, trannies and retail lags.

NYSE- 830 net winners;

NAZ- 460 net winners;

NDX- 65 GREEN;

OEX- 65 GREEN;

VIX- lower by 5% at/near 42;

Up volume about 2x the down;

Gold down $5 at 844- crude a hair below 40 and the 10 year note yielding 2.15%;

Would look to buy dips here as it market feels like it has some upside potential before the day is done- still oversold with RSI (2) levels near 35 on major indexes.