THE OPEN

Markets are up and running and trading like yesterday never happened- the buy the dip folks have showed pretty quickly and we are up 112 on the DJIA 11 on the SPX +27 on the NAZ.

Strongest sectrors include gaming, homies, biotech, oil service and reits while ags, emerging markets, drugs, retail and metals lag.

NYSE- 1300 net green;

NAZ- 1100 net green;

NDX- 94 GREEN;

SPX- 446 GREEN;

VIX- down 1% at 25.7;

TRIN- .45 with up volume about 7x the down.

Looking for some resistance at the 1008/1010 area on the SPX as recent highs kick in for some sellers- other than that - but the pullbacks and sell up there for now.