THE OPEN

Markets are slightly lower this AM with the DJIA -10, NAZ -9 and SPX -4.

Sector strength found in metals, utils, biotech and drugs and weakness in airlines, china, homies, trannies and real estate.

Key stocks - mainly lower with BIDU CAT GRMN MA C higher and KLAC VMW AMZN POT LVS CME TIF MS MTW ICE lower;

NYSE- 525 net losers;

NAZ - 430 net losers;

NDX- 50 GREEN;

OEX- 45 GREEN;

IBD - 35 GREEN;

VIX- up 1%;

Down volume 2X Up volume;

WINNERS- MTL WFR BVN SID MA AUY BBL VIVO COF CAT CPB CI ROK AMGN GOOG GE BIDU STLD SNDK ADBE SIRI FLEX;

LOSERS- UAUA KLAC APOL LVLT MICC NIHD ESRX UNH S F GM ALL WB UPS BDK BABY TTES HRBN FSTR VIP TITN GIGM EDU ARGN;

First level to watch on the downside- 1,315 then the 1,300 area- but looks like lackluster trading so far.

And Spitzer supposedly resigning this morning.