Equities indexes open higher but are well off the best over night levels of the futures- SPX +5, NAZ +5 and the DJIA +25.
Strongest sectors- metals, gaming, energy and reits while biotech, airlines, junk and drugs lag.
NYSE- 1100 net winners;
NAZ- 350 net winners;
NDX- 61 GREEN;
SPX- 333 GREEN;
VIX- down 1.5% at 23.65 and about 1% under the SMA 10.
GOLD- up about 12 at $1017 while the dollar is down almose 1% but up a bit from the open of equities at 9.30.
RSI 2 levels - extended as follows:
I am long the QQQQ and looking for a rally today as some of the over bought anxiety has been cut during the past few days- also looking to add DIG and EWC-
Irwin Kellner and his recession take;
The latest on the ease in CDS;
Lenny not on the list quite yet;
Jim Grant v Rosie;