STRANGE DAYS

Markets open mixed with the NDX being the strongest performer of the major indexes and the RUT the worst.





Strong sectors include oils, internets and tech while homies, real estate, airlines, biotechs, drugs, trannies and retail acting the worst.





Market internals are ugly again and are acting much worst than the major indexes. The NYSE show 1,500 net red and the NAZ 800 net red. The NDX/OEX both show about 3 stocks lower for every stock higher.

The 10 year Bond is climbing again and now sits at 5.057% while oil trades about a buck higher. Neither seems to be helping equities but I think if either comes in we may get a nice bounce in the major indexes

Winners include Cramer's new 4 horseman- GOOG AMZN AAPL and RIMM. Buyer beware as Cramer was also buying every "red hot" every day back in the go go days and that didn't end all that well.





Other winners include MA LEH MS BOT CME NMX COST BIDU OIH CAM VLO MCD BHP FCX and GD.





Red stocks- GS NDAQ NYX MER LM BSC SLG SGP MRK GILD AMGN DNA CELG MGM BYD and CTSH.





IBD 100 acts better than the rest of the market as they are evenly split between winners and losers. MR ATHR AAPL SYNL ARGN CYNO the IBD winnners and ARO CRDN PTNR SPSS VSEA TLVT the losers.





Volatility indexes higher again buy about 2/3% and still trading well above 110% of their 10 day SMA's.





Not sure why drugs and biotechs act so ugly but AZN DNA at new 52 week lows and PPH MRK PFE SGP SNY and DRG all at 2 day RSI's at or under 2.





Expecting a bounce in the major indexes but so far not coming. Maybe a TV switch over to the French open will get the markets higher.