$30 BILLION SOLD

The markets are open and they are MIXED. The SPY is trading at 131.2, the QQQQ is down .5% on the heels of the MSFT crushing (down 11% or over $30 Billion in market cap) and the OIH is up over 2% to the 159 level. The precious metals are also leading higher by 2% plus as the SLV silver ETF begins trading.

The market internals are green with 600 to the plus side on the NYSE and flat on the NAZ. Ten year Bond yields are back to a 5.07% yield as the BKX (banking index) trades to new highs (+1%).

The Pivot Point on the SPY is 130.75 and the markets bounced off those levels at the open. Resistance is the 132 level and support today is 129.9. A wacky day already in light of the MSFT debacle and the ramping financials. I plan on doing very little.