THE OPEN

Markets open lower with the DJIA down 68, NAZ -8 and SPX -7.

Strongest sectors- steel, oils, ags and semis while banks, financials, homies, airlines and brokers lag.

Key stocks - 15/40 GREEN led by POT AAPL UA NVDA MSFT BIDU and V while ISRG C MER BAC DECK LVS CAT and MS lag.

NYSE- 785 net losers;

NAZ- 560 net losers;

NDX- 25 GREEN;

OEX- 20 GREEN;

IBD 55 GREEN;

VIX- higher by 2.5% after spiking 5% earlier;

Down volume 2x the Up;

Feels to me like the markets want to go higher despite the crummy action in the financials on the heels of the BAC/NCC news. NQ probably the place for today as there are no finanicals and SMH AAPL BIDU MSFT RIMM YHOO are all green as I type.

GS also looks like it wants to go higher despite the steep resistance at 180 or so- the 38.2 FIB retracement and the 90 SMA at 185.