THE OPEN

Markets open lower with the small/mids taking the brunt of the selling. The DJIA -57, NAZ-13 and SPX -9.

Strong sectors- China, internets, utils, healthcare and drugs while homies, banks, metals, retail, real estate and gaming lag.

Key stocks- 17/40 green- leaders- BIDU ICE MTW RIMM NYX AAPL PG AMZN ISRG POT- red- LVS TIF WYNN GOOG C BAC MCD BG SMH XOM GS;

NYSE- 770 net losers;

NAZ- 480 net losers;

NDX- 33 GREEN;

OEX- 33 GREEN;

IBD 100- 45 GREEN;

VIX- 25.35 and higher by 5%- after coming into the day very oversold and the 90% of 10 SMA level;

Down vol- 3X Up volume;

TRIN- 1.56

Markets are over bought in the short term as VIX and RSI (2) levels are at/near sell levels- not sure I would get aggressive selling as I anticpate the dippers will be back to do some buying before the markets fall to far.

And of course now that an old NFC team has won - its a no brainer that the markets end the year higher.