LOWER OPEN

Markets open lower on the heels of plunging housing starts and overbought conditions. Have no fear as the dip was immediately bought and the markets are way off their opening lows.

Sector winners include metals, drugs, internets, biotechs and financials. To the downside are oils, gaming, semis, homies, retail and brokers.

Market internals are solidly bearish with about 2,100 more losers than winners.

Since this was supposed to be a down day, (see yesterday's posts), it is time to STOP TRADING and check out some of the impressionists that were on David Letterman this week. Caliendo does a fabulous Bush, Madden, Cheney and Robin Williams while Brown and Travelena do a great Jack Nicholson.