THE OPENING

Markets open weak with the DJIA down 75, NAZ -2 and SPX -10.





Strong sectors include gaming, gold, telecom and high yields while semis, airlines, homies, and oil service lag.





Key stocks- 10/40 green led by LVS WYNN MGM GOOG POT V and UA while CME ISRG KLAC SMH RIMM TIF DECK and ICE lag.





NYSE- 1440 net losers;


NAZ- 1175 net losers;


NDX -18 GREEN;


OEX- 15 GREEN;





VIX- higher by 2.5% and a crummy 3% below the SMA 10;





Down Volume 3X up;





TRIN .96;





Gold- +4 at 921;





Crude- 117;





EURO- 1.594;



Interesting how Gartman is now selling his gold and corn and probably is giving up totally on the commodity trade for now. What is he long - EQUITIES.


Markets are lower but my guess is there are lots of folks who want to buy this dip as most traders/technicians etc see higher prices in the near future as money rotates out of bonds and heads for equities. Keep on eye on GS as the stock refuses to go down of late- a pretty pretty good sign for the da bulls.