THE OPEN

Markets are lower this morning on the heels of crumbling oil prices as the Chinese decide to raise the price of oil to their population. And if the markets have nothing on this news -hmmmm.

The DJIA -24, NAZ -7 and SPX -3.

Leaders- metals, trannies, steel, shipping and retail while banks, gaming, brokers, internets and homies lag.

NYSE- 350 net losers;

NAZ- 390 net losers;

NDX-30 GREEN;

OEX- 35 GREEN;

IBD- 33 GREEN;

VIX- higher by 1% at near 22.5;

down volume about 2X up;

TRIN- 1.31

Still waiting for 1325 on the SPX for a long shot as markets continue to go down on earnings news and just about any other news-so holding out for now