EARLY LOOK

Markets are lower led down by oils, metals, airlines, internets, smallcaps and biotechs. Fighting the trend and slightly higher are Semis, retailers and CONSUMERS.

Some key stocks include KLAC +1%, GOOG+.5%, C slightly higher and GS slightly lower, PG, MRK and PFE slightly green.

Market internals point lower as there are 2,500 more losers than winners.

My take; short rallies until/ unless the market internals improve.