THE OPEN

Markets have opened lower on the heels of less than great news from TGT. The DJIA -43, NAZ -10 and the SPX -6.

Strong sectors include metals, oils, telecom and biotech while airlines, retail, real estate, insurance and trannies lag. Financials and brokers again stinking up the markets as BSC hits a new 52 week low.

Key stocks mixed with AMZN BIUD GRMN CAT XOM LVS and NVDA higher while RIMM MTW MS NYX CME ICE CELG and VMW are lower.

Volatility indexes moving up as the long holiday period is over until next wee. VIX +3.75% and VXO +6.5%.

NYSE- 800 net losers;

NAZ-600 net losers;

NDX-45 WINNERS;

OEX-25 WINNERS;

IBD 100-40 WINNERS

WINNERS- HRBN ARD SLT BCSI YGE TISI FCSX AMZN MR AGU JOYG STLD AMLN LVLT MICC AKAM ERTS GRMN NIHD LEAP SLB S CAT XOM COP HAL CL CVX CMCSA VZ BHI;

LOSERS- LTD TGT CSC LEH EMC RTN MS WMT HIG RF SHLD UAUA HANS RIMM SBUX PCAR FAST BBBY SID VIP RIMM MTW ININ PCLN FSTR GIGM ICE HMSY TWGP;

Technically, support could/should be near here at SPX 1,490 and below that at 1,480. We are however, over bought on all major indexes and pullbacks from these levels should not surprise anyone.