OPENING DIP

Markets open lower on the heels of some as expected crummy retail numbers. The DJIA -66, NAZ -12, SPX -7, RUT -7.5 and MID -5. Small caps continue to act the worst of the major market indexes.

Strongest sectors include non US real estate, retails, tech, oils and exchanges. Worst groups include silvers, metals, homies, brokers, small caps, drugs, defense and small cap growth.

Big cap winners include EP LTD TFT INTC COF NSM NSC MOT COST MNST NVDA MRVL AKAM and BEAS.

Losers- WFMI PDCO LRCX MICC VRTX FLEX BNI ABT ATI AA ABT SLE MER BDK and LEH.

IBD 100 winners- HDNG ROCM MTOX ICE PTNR COGO ACH and ICLR. Losers- PRFT GROW VIP HRT RIO SPTN MT and GES.

Volatility indexes climbing high although hardly blasting off with the VIX/VXO in the low 13 area and at/near their 10 day SMA's.

The 2 day RSI on the MID is down in the low 40's and may be worth a dip if one is under invested. Mid caps seem to be the best of all worlds of late with the private equity put and decent growth. And if one wished to do some dipping on a stock that has been beaten down of late and down in the last 7 sessions and still with good fundy, try CTSH.