OPENING LOOK

Markets open lower on the heels of crummy overseas markets and more skittishness from traders/investors.

The DJIA is -16, NAZ -10 and SPX -4.

Strongest sectors inlcude airlines, retail, biotechs, trannies and defense while the weakest are metals, internets, reits, small caps and homies.

Market internals are very weak with about 2,000 more losers than winners between the NAZ and the NYSE.

Major indexes- the NDX with 30 green; SPX 120 green and the OEX with 20 up.

Strongest stocks include AIG HON DELL TGT SNDK NYX SHLD LVLT ROST LBTYA PLL and KSS.

Weakest include MNST ALTR SEPR VMED INFY LINTA ATVI EXC EP WMB IP and GOOG.

Volatility indexes higher again but not soaring.

My strategy for the day; sit on my hands and wait as it seems to many are expecting another big selloff leading me to think its not happening.