THE OPEN

Markets are lower again as the 10:00 housing numbers were ugly again. The ugliest number in the bunch- almost 9% of folks who have loans on their homes are delinquent. Hard to put a happy face on that number.

Anyhow, DJIA -122, NAZ -11 and SPX -15.

Strongest sectors- ags, biotech, oils, large growth, drugs and tech while brokers, airlines, banks, homies, real estate and retail lag.

My screen continue to point to an out performance by the NDX as GOOG BIDU GOOG are all green while the NDX is down by .15% compared to a .98% sell off on the SPX.

NYSE- 1600 net losers;

NAZ -830 net losers;

NDX- 30 GREEN;

OEX-12 GREEN;

IBD 100- 30 GREEN;

VIX- higher by 6%;

TRIN- 1.87- very high;

Down volume 6X Up volume;

10 year Bond- 3.63% - just a place to rest money until a better home is found-

Checking the 10 day chart on the SPX- lows near 1,305 and high near 1,390- so the range remains until it gets broken.