THE OPEN

Markets are mixed but well off their worst levels with strength in fins and weakness in tech and semis. SPX +2 and NAZ -7.

Strongest sectors- homies, real estate, gaming and trannies while tech, brokers and energy lags.

NYSE- 700 net green;

NAZ- 450 net green;

NDX- 50 GREEN;

OEX- 50 GREEN;

VIX- down 1% at 37.25;

TRIN- 1.58 with up and down volume about even;

Crude trading a bit higher while gold is about unchanged.

Feels like the dip buyers are back and wanting to take the markets higher- watching crude as investors await the 10:30 inventory numbers.

Levels of support are 840 on SPX with resistance near the 855 level- near yesterdays highs.