THE OPEN

Markets open mostly lower with the DJIA -21, NAZ-1 and SPX -3 on the heels of more bad news out of NEW.

Strongest sectors include tech, internets, retail and semis while oils, homies, brokers and small caps are lower.

Key stocks are predominantly lower with all the brokers red while AAPL and ICE are two in the green.

Market internals started out green but have flipped the switch and now trade red 500 on the NYSE and red 100 on the NAZ.

The OEX is 35/65 green to red while the NDX is 45/55. The SPX is about 160/340 up to down.

Strongest stocks include ESRX AKAM AMLN JNPR SNDK XLNX AVP CBS LTD and ORCL.

Weakest include AMGN LEH MER MS SLB GS COF COP AIG WYNN PTEN MEDI and JOYG.

Volatility indexes a bit higher with the VIX/VXO combo looking to head back to the 15 level.

I continue to think the markets trade in a narrow range with 1,390 on the downside and 1,415 the top.