OPENING LIMP

Markets open mixed with the NAZ/Small caps outperforming. Homie news just released and market heading lower (DJIA down 80 on the news).

Strongest sectors include metals and oils while leading lower are airlines, homies, trannies, finanicials, brokers, biotech and real estate.

Key stocks are all lower with MSFT MS MA biggest losers.

Market internals started up flat to green but have since flipped on the housing news with about 1,700 net losers on the NYSE/NAZ while the OEX/NDX show about 4/1 losers to winners.

IBD 100 shows about 40 out of 100 in the green with GROW DXPE LGCY LHCG and MTOX leading while LFL ICE POT ACH BCD CBG TELN and CNH are soldily red.

I suspect this little downdraft is a buy as the mark up boys/girls start to show and give some jig to the market before the week is out. Yes, Art Hogan from JEF is bullish so probably right back up we go.