THE OPEN

Markets are slightly higher at the open with a lot of bouncing around near the flatline. Generally I generally find that days after strong trending days like yesterday the markets stay range bound.

Strongest sectors include metals, drugs, oils, biotech, semis, software and gaming. To the downside retail, airlines and financials.

Market internals are green with a +600 reading on NYSE and flat on NAZ.

The 10 year Bond is still hanging in with a rate of under 4.5% and my guess is as long as rates stay in that area the market selloffs will not be meaningful.

Action in AAPL GS and GOOG, three pretty good tells is mixed so another "hint" that perhaps we go nowhere today. Maybe the Pivots work today so I will have them on my screens.

Ooops there go the markets for now on Chicago PMI.