1.31.2008

THE OPEN


Markets open lower with the DJIA -82, NAZ-13 and SPX -9 as I type. RUT/MID actually doing better than bigger cousins.


Strong sectors- homies, airlines, internets, retail and staples- laggards- oil service, insurance, semis, telecom and metals.


Key stocks mainly lower- winners- MA UA CELG MAC DECK MCD LVS CAT ISRG- LOSERS- ICE NVDA MER MS KLAC BG RIMM C XOM NYX;


NYSE- 750 net losers;

NAZ- 570 net losers;

OEX-15 WINNERS;

NDX-20 WINNERS;

IBD 100- 20 WINNERS;


VIX- FLAT;


Up volume- half of Down volume;


Markets are trying to make a comeback as they were hammered in the final hour yesterday and in the overnight futures session. Careful as ramps higher are likely to be sold.

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