THE FINANCIALS

Markets have opened flattish with the DJIA up and the SPX/NAZ down- RUT/MID's also in the red.

Strongest sectors include airlines, oils, ags, metals and internets while banks, brokers, homies and steel lags.

NYSE- 200 net losers;

NAZ- 330 net losers;

NDX-40 GREEN;

OEX-45 GREEN;

VIX- higher by 2.5% and a hair above the SMA 10;

Down volume a bit above up volume;

Looks like it could be another difficult day for equities as banks, brokers and big cap tech are all solidly in the red.

RSI (2) levels over sold with most trading near 10;

Not going to add to any longs until I see better action on the BKX/XBD- so far -straight down.