OPENING CHECK

Markets open mixed to lower with the NAZ and the small caps acting the worst.

Sectors leading higher include the hated oils and oil service followed by metals, brokers and drugs. WMT KLAC and GS are all higher so maybe just maybe Turnaroud Tuesday is on tap.

Worst sectors include airlines, trannies, semis, GOOG, gaming, retail, tech and biotech.

Market internals are a bit bearish with about 600 more losers than winners.

The 10 year Bond rate is now down to 4.5% which is the lowest in quite some time. Any chance of a bonds to equity allocation. I say yes but probably not today.

The TICK has already hit the magic +1,000 mark a few times and when that happens it is usually bullish. I don't think so today as we probably just bounce around.

Also, yesterday the volume on the NYSE was a very bearish 9/1 down to up which when it happens in reverse is very bullish. Lots of folks may look at it as capitulation but I don't think so.