EARLY LOOK

Markets are higher but well off their best levels. the DJIA +107, NAZ +30 and SPX +16.

Strong sectors- banks, brokers, internets, homies and oil service while telecom, drugs and utils lag.

NYSE- 2100 net green;

NAZ- 1275 net green;

NDX/OEX- 85 GREEN on each;

VIX- lower by 4% at 40.4;

Up volume 7X the down;

TRIN- 1.01- hmmmmm;

Financials leading the way on the talk of a bad bank to buy lots of the bad stuff - (heard this before)- markets clearly in front on lots of overhead resistance - My early play will be to buy the pullbacks as it seems to be one of those days where we probably close at/near the highs.