THE OPEN
Another day in paradise as the markets open lower again with the DJIA down 85, NAZ -11 and the SPX -7.3.
Strongest sectors- metals, oils and biotech while financials, airlines, homies, insurance, gaming and brokers bring up the rear.
Key stocks- 10 out of 40 higher led by ICE MTW CELG XOM CAT KO MSFT GE- losers- BG DECK C BAC MGM KLAC UA LVS MS WYNN RIMM;
NYSE- 900 net losers;
NAZ- 800 net losers;
NDX- 45 WINNERS;
OEX- 40 WINNERS;
VIX +5% and sitting in "buy the market if we were in an up trend numbers; almost 14% above the 10 SMA;
TRIN- 1.31
Down volume - double Up volume;
Everyone expecting a retest of the January lows - me- not so sure - just seems like toooo many folks expecting it- and if it comes - I suspect a ton of buy orders after the immediate plunge below- if and when.
And how about math whiz Warren?
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