THE OPEN

Markets opened nicely higher but hit a bump at a 10.00 AM when the consumer confidence came out - and worst then expected.

SPX- FLAT, NAZ -2.5 and DJIA -5.

Strongest sectors- gaming, ags, homies and metals while internets, junk and tech lag.

NYSE- 300 net green;
NAZ- flattish internals;

SPX 275/215 green to red;

NDX- 45 GREEN;

VIX- flat;

Picked up some SSO on the confidence dip and now nicely green and I suspect we get back to the day's highs before too long.

Markets a bit over bought here but its a bull market so the long side remains the play in my opinion.

BESPOKE on the ratios;

Jeff Saut - whith his performance preassure;

The V recovery;

Obama right up there despite the right;