MORNING MOVES

Markets up and moving on the heels of strong markets on the other side of the pond and a strong ISM number.

SPX +13, NAZ +20 and DJIA +128.

Strongest sectors- Brazil, homies, gaming, emerging markets, semis and tech while trannies, biotech, banks and internets lag.

NYSE- 1425 net green;

NAZ- 300 net green;

SPX- 415 GREEN;

NDX- 80 GREEN;

VIX- down 6% at 27.1- and still a few points over the SMA 10.

TRIN- .82 with up volume 3x the down volume.

The dollar is down about .66% and continues to lead the direction in equities- gold also at new highs - but way overbought - SPX also regains the SMA 50 and is a bit over bought with RSI 2 of 80.

Not sure I understand all the crowing about the elections- it was a dump the incumbent move more than anything else regardless of party affiliation and I wish that would happen more often- and were not Beck, Limbaugh and Palin the biggest losers with NY 23?