Morning market internals screaming higher, breath numbers +1525

Morning market internals are strongly higher with breath numbers hitting +1525.

Adv/Dec and & Up/Down ratios: 3:18, 5.12 and rising
TRIN: .59 falling

Across the board is bullish optimism with a slew of earning upsides from Bear Stearns (BSC) and Lehman (LEH) with oil stocks betting on OPEC future cuts in production. Jan '07 Crude Oil contract is up +.71 while oils names have risen from the open. Weekly jobless claims dropped by 20,000, pushing the four-week moving average of new claims down 1,500 to 327,250, according to government data.

Sector Update:

Strong: Semis, Oil Equipment, Software, Hotels, Retail - Apparel, Toys, Gambling, Medical Equip

Weak: Airlines, Aerospace