THE OPEN
Markets open higher and the recent trend continues SIDEWAYS- The SPX +8 and the NAZ +14 despite the 15% crushing of RIMM.
Strong sectors- banks, metals, financials, gaming and oils while utils, semis, telecom and tech lag.
NYSE- 1300 net winners;
NAZ- 960 net winners;
NDX- 80 GREEN;
OEX- 75 GREEN;
VIX- lower by 2% at 45.6;
TRIN- .55 with up volume 5X the down;
GOLD- YOWZA up $27 at $943 -
Looking to be a dip buyer today as internals are stronger than the index- generally indexes play catch up -
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