OPENING GAP

Markets are modestly higher after a big gap up and a fade to flat- still looks higher from here as internals look fairly strong on all the indexes.

NYSE- 1000 net green;

NAZ- 800 net green;

NDX/OEX- 70 green on each;

VIX- down 3% at 66.6;

Ten year down at 2.76%;

GE SPLS FWLT GM AA CVX MRK CAT all strong while F says they will be profitable in 2011- kind of stupid like they know- check the other times they said when they would be profitable.

Anyhow, probably a choppy day but long SSO as I type- and wont hold it forever -