THE OPEN

Markets open lower with the Midcaps and small cap value being the biggest losers. The DJIA acts the best of the major indexes while large cap value is green.

Strongest sectors include airlines, drugs and bank while the worst groups include semis, retails, real estate, trannies and homies.

Key stocks mainly lower with SNDK GE BAC JPM C LEH LM ICE PFE SGP PPH TXT LVS green and MA GS BSC MS BOT CME NYX NMX PEP PG TXN AKAM RIMM GOOG AMZN AAPL CROX all red.

Big winners- EXPE UAUA IACI BMY CSC BAC GD CLRK BWLD CPA DWSN ICE BIDU;

Big losers- EML AVT AKH HURN SYNL DECK RIMM TEX FDX MCHP ALTR MXIM MICC AAPL;

Volatility indexes down about 2% and still trading under their respective 10 day SMA's while the 2 day RSI reading on the major indexes hovers near the 50 level.