THE OPEN

Equities continue to move higher with the DJIA 60+, NAZ +15 and SPX +6.

Best sectors- shipping, trannies, ags, defense, midcaps and junk bonds while metals, internets and oils lag.

NYSE-- 1100 net green;

NAZ- 770 net green;

NDX - 75 GREEN;

OEX- 75 GREEN;

DJIA - 25 GREEN - with GM C PFE BAC JPM trading red;

VIX- down another 3.5% at near- 40;

Up volume 2.5X the down;

Gold down $15 while the EURO moves up - sold some DGP this morning;

Crude down 80 cents with inventory numbers out this morning;

Markets look to continue the move higher as the internals flipped to green fairly quickly- usually the best tell so long SSO UWM QLD DDM- and watching as there is still plenty of resistance overhead at 895 and 905 and 915/920 on the SPX-