OPENING MOVES

Markets open higher on the heels of another horrible jobs number- 595,000 jobs lost in the month of January.

Strong sectors include banks, ags, gaming, telecom and real estate while utils, bonds, energy and drugs lag.

NYSE- 1640 net winners;

NAZ- 1085 net winners;

NDX- 85 GREEN;

OEX- 90 GREEN;

VIX- down 5.5% at 41.3;

TRIN- .5 with Up volume almost 10x the down;

SPX 850 now firmly in the rear view and markets are being led by financials and tech so seems like a buy the dip day - next week some news will be out capital for banks and other government/more government programs- question is if this is now the place to fade next weeks news?