Morning market update

The gap filled pretty easily this morning and we are seeing quite strong tick readings thus far (+16,000). It would appear that the market really liked that ISM number. I still think it will be a two sided day today as the breadth on both the NYSE and Nas is fairly weak. However a look at all other assets has seen everything pop quite strongly. The dollar which was strong heading into the open has sold off pretty hard. The risk trade seems to be back on. One bit of divergence is the Nasdaq which is showing a bit of relative weakness.