THE OPEN

Markets are higher but off their best levels as some folks look to take some profits despite the calls of the bottom by many of the smart pundits (oxymoron?).

Strong sectors- financials, brokers, metals, gaming and trannies while ags, drugs, energy and real estate lag.

NYSE- 1500 net green;

NAZ- 1230 net green;

NDX - 75 GREEN;

OEX-70 GREEN;

VIX - down 3.7% at 42.75;

TRIN- .74 and up volume about 5x the down;

Gold barely higher at $900;

Crude down $1.25;

No feel yet for where these markets are going but a choppy day after this ramp up wouldn't surprise me as we get a bit over bought with RSI (2) levels at/near 90- and how long before the shorting starts again?