THE OPEN

Quite a move to the upside as everyone seemed to be expecting a move lower on the heels of the late day sell off on Friday and the North Korean military activities - Nope - SPX +16, NAZ +42 and DJIA +152.

Strongest sectors- reits, real estate, retail, small caps, tech and trannies while metals, ags, junk, bonds and energy lag.

NYSE- 1600 net gainers;

NAZ- 1400 net gainer;

NDX- 98 GREEN;

SPX- 455 GREEN;

VIX- down 6% at 30.6 and trading near the SMA 10;

Just about everything moving on up today with tech and real estate doing the best- - Levels to watch R3 on the QQQQ near 34.55 and the 91 level on the SPY.

Still looking at lower highs on the SPX as 930 is the high from about 10 days ago and 925 last week- watching the brokers and banks as MS BAC are green but hardly ripping-

Strategy for the day is buy the dips - just trying to find the levels where I want to dip-