LOWER OPEN

Markets open lower on crummy sales news from WMT and lower prices in Europe.

Sectors doing best include internets, semis, airlines and metals. Worst performers include oils, retail and biotechs.

Stocks acting well include YHOO KLAC and EBAY while WMT AAPL GS KSS and TGT are all lower.

Market internals show about 1,000 more losers than winners equally divided between NYSE and NAZ.

The key to the markets will be to recognize how anxious the dip buyers and under invested bulls will be to jump aboard after many never got a chance to buy over the past few months as the markets rarely pulled back.

Lower oil may also jump start the bulls as crude trades down a buck or so and the 10 year is back to a low 4.68% yield which is also bullish for equities.