MORNING MARKETS

Stocks are trading higher after a lack luster open. The DJIA +100, NAZ +19 and the SPX +8.

Strong sectors include oils, shipping, gaming, ags and internets while homies, real estate and financials lag.

NYSE- 1350 net winners;

NAZ- 770 net winners;

OEX- 80 GREEN;

NDX- 85 GREEN;

DJIA - 24 GREEN led by GM AA C HD WMT MSFT;

VIX- lower by 4.3% at/near 38;

Be happy seems to be the motto so far for the year with the markets moving up on high ticks- however, lots of overhead resistance near here with 910/920 on the SPX the first line as is 8,900/9,000 on the DJIA.

Note also the way over bought levels on the RSI (2) levels 97 on the SPX- and 94 on the NAZ/NDX;

So if you are long - trail those stops as lots of sell signals are aggregating on a short term basis.