THE OPEN

Markets open lower with the only sectors in the green being metals and oils. OIH is higher by 1% and SSRI is +5% and PAAS is higher by 3.3%.

Weakest sectors include airlines, brokers, biotech, software, retail, trannies, small caps, tech and homies.

Market internals have been improving and now show 700 red on the NYSE and 1100 red on the NAZ.

DJIA winners include GM T AA and VZ while the biggest losers are INTC JNJ HON HPQ and CAT.

The NAZ Futures seem to be catching the biggest bounce off the low, so I will watch that chart for an entry for a quick flip.