OPENING CLUES

An uneventful start to the market day with the major indexes trading a bit under the flat line. Emerging markets, oils and biotech leading higher while retail, semis, tech and drugs lag.

Market internals- about 1,000 net losers on the NYSE/NAZ;

NDX/OEX both with about 40 winners and 60 losers;

IBD 100- 60 WINNERS;

VIX- near the flat line and in over sold territory;

Checking the emerging markets year to date- EWZ Brazil almost near the flat line while the DJIA/SPX still down about 6% on the year;