THE RAMP

Markets are up up and away this morning on some better than expected economic reports- SPX +14, NAZ +15 and DJIA +117.

Strongest sectors- biotech, metals, banks, emerging markets and oil service while gaming, junk, internets and defense lag.

NYSE- 1460 net green;

NAZ- 600 net green;

SPX- 440 GREEN;

NDX- 84 GREEN;

VIX- down about 7% at 28.6.

TRIN- 1.18 with up volume about 3x the down and a little skewed as FNM FRE C all lower.

My key stocks generally higher led by AIG BAC FCX V AXP OIH MA and JPM while LVS RIMM WYNN SHLD INTC AMGN all lower.

RSI 2 levels around 50 on most major indexes and the dollar getting hammered this morning as loses almost .5%.