OPENING LOOK

Markets open lower with the DJIA-44, NAZ -12 and SPX -3.

Sector leaders include casinos, metals, oils, retail, and semis. Leading lower include GOOG down 9 bucks, airlines, brokers, software, biotech, financials and small caps.

Market internals are red with negative 1,000 on NYSE and negative 950 on NAZ.

Ticks are mainly in the red so the markets may just have a little problem getting some traction this morning as the SPX has cracked the 1,400 level and is trading near 1,397 and many are looking at the 1,390/1,395 level as support since that was the blast off number of a few weeks ago.

The casino stocks are ripping higher again led by LVS WYNN and MGM. Not sure if its great goings at Macau, vegas or what but they seem to move higher most days.

Tax selling in oils and metals doesn't seem to be happening either as both sectors are strong again.

Not much moving on the DJIA as PFE HD XOM T MRK are higher and AA WMT AIG PG HON and IBM are all lower.