THE OPEN

Markets continue to trade lower with the big caps outperforming the mids and the small caps. The DJIA is flat while the NAZ is -8 and the SPX is -2.

Strongest sectors include airlines, retail, metals, banks and homies while oils, gaming, reits, internets,brokers, biotech and semis lead lower.

Market internals are weak with 185 green on the SPX; 20 green on the NDX and 30 green on the OEX.

Strongest stocks on the indexes include HD AA ATI ROK HIG ESRX CDWC NVDA and AAPL while WYNN EBAY FLEX GRMN EXPE WFMI SBUX BMY SLB BHI GD and LTD are among the weakest.

Overall, about 700 net losers on the NYSE and 770 net losers on the NAZ.

CME NYX ICE GS GOOG MA MER MS all sizeable losers with AAPL up a buck and change.

The QQQQ has fallen under its 50 day SMA and trades at a 2 day RSI of 10 and at the bottom bollinger band. Recent lows are the $43.3 are and about 30 cents away.