OPENING WACKY

Markets are a bit wacky this morning with all the recent winners in the ag/commodity sectors getting murdered and the financials/ airlines moving on up.

Strongest sectors- banks, brokers, airlines, real estate and defense while ags, metals, energy and biotech are the laggards.

Key stocks- 14/40 lower with KLAC MER C MS ICE MTW BAC UA GS higher and POT AMZN MON BG LVS WYNN XOM ISRG CELG lower.

NYSE- 700 net losers;

NAZ- 685 net losers;

NDX - 21 GREEN;

OEX-50 GREEN;

IBD 100- 7 GREEN;

VIX +1.5%;

Gold- down 13.5 at 895;

Crude- 116.85;

10 year Note- 3.81%;

USD up about 1%;

EURO- 1.57 and sinking;

Up volume a bit less than down;

Question for many folks now- is this ag dip or a buy or the end of the move? My guess until proven otherwise its a buy the dip despite the recent strength in the dollar.

Markets trying to make it back to the flat line on the heels of strength in the financials- with GS up almost $3 and looking like it may be heading back to double par if it can get past $186.

In addition to long GS, bought some SSO on this dip on the housing data.