3.27.2007

LOWER OPENING


Markets open lower with just about all major sectors in the red.

Strongest sectors include semis, biotechs, software, and the oils; leading lower are homies, aussies, gaming, airlines, metals, retail and small cap value.

Best performing stocks include CVNO ICE RVSN LHCG ZUMZ PCU MEDI ORCL T NSM S and ETR.

Weakest include GM WY MDT CPB DD CSCO WB LEH WMT TGT NVDA MNST and XMSR.

Market internals, very weak with 1,500 net losers on the NYSE and about 1,000 net red on the NAZ.

Major indexes show 5 t0 1 down to up on the NDX; 10/1 down to up on the OEX/SPX.

Volatility indexes, up around 5% and still no where near a buy signal.

My take, they will again try to take them up before the day is over as the mark up guys see opportunity. Also, the exchanges and the semis are trading higher so maybe a little "tell" of what the afternoon may bring.

The 2 day RSI on the DJIA, in the 20's so probably not the worst place to take some equities; and how about that Cramer suggesting to buy lower- did he forget his strategy of buy high and sell higher- well Never mind.

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