OPENING LIFT OFF

Markets are off and running higher on the heels of good news out of C and higher European markets - SPX +25 and NAZ +47.

Strong sectors- gaming, financials, homies, shipping and brokers-- laggards- metals, ags, utils and drugs;

NYSE- 2400 net winners;

NAZ- 1765 net winners;

NDX- 95+ GREEN;

OEX- 95+ GREEN;

DJIA 30 GREEN;

VIX - down 9% at 45.25;

Almost all volume is up;

Gold - down $20;

Tough to find entry points as markets are heading straight up - tough places to be FAZ SRS - no positions but heaven help those who are long-

RSI (2) levels quickly above 70- and I will be watching these levels closely.

Haines and Kass calling the bottom- we shall see-