THE OPEN

Markets are higher but hardly ripping with the SPX +8 and the NAZ +13.

Strong sectors - energy, shipping, ags, telecom and retail while metals, banks, tech and semi lag.

NYSE- 1150 net green;

NAZ- 860 net green;

NDX- 80 GREEN;

OEX- GREEN;

VIX- lower by 5.5% at 45.85;

TRIN- 1.22 - Up volume double the down;

Markets just bouncing around as oversold rallies get hit my by a bad number - (philly fed) - out of my SRS trade for a small gain - just waiting now for another chance.