OPENING BUZZ

Markets open ugly with QQQQ and IWM leading the markets lower. Market internals ugly with 2,500 more losers than winners with zero winning sectors.

Worst performing sectors include trannies, biotechs, airlines, semis and small caps. Oils are trading a bit lower as VLO trades slightly higher in light of blow out earnings and guidance news.

In the TECH sector, GOOG is lower and is there a problem with the chart and the $600 price target?Looks like the 50 day SMA is going under the 200 and a gap will probably fill at the $360 level. Trouble ahead for the GOOG?