10:00 LOOK

The markets have opened lower with the SPY -.36 CENTS, QQQQ -15 CENTS and the IWM -30 CENTS. The market internals have turned red with 900 more declining than advancing issues. Surprisingly(lol), the sectors leading the way today are Oils (+.5%) Metals (2.%). The brokers, one of the stronger groups for the year is down today with GS-.5%, LM-1.3% and MER-.4%. GOOG is down 4.5 bucks.

The 10 year Bond is back to 5.05% and it is bringing down the Reits and the Homies with it. The Volatility indexes continue not to budge (no fear) and I remain on the sidelines with all ETF's as there are no buy/sell signals.

The Pivot Point on the SPY today is the 130.8 level and Support is at 130.5 and 130.1. Resistance is 131.2 and 131.5.