THE OPEN

Another day in paradise as the markets dip down yet again with the recent lows almost tagged on the DJIA- SPX a little further to go as the energy patch helps the relative strength of the SPX.





Strong sectors include semis, drugs and biotech while gaming, oils, internets and homies lag.





NYSE- 1800 net losers;


NAZ- 1300 net losers;


NDX- 15 GREEN;


OEX- 20 GREEN;


IBD- 7 GREEN;


VIX- closing in on 23.5 and higher by 3.5%;


Down volume 5x up;

Tom Friedman with an interesting oped in the sunday NYTIMES;

Had a little QID left and have finally sold it and expect a bounce at/near 1300 on the SPX- as it seems like the selling is getting way over done on this consumer confidence news DJIA retest news.


So going to buy some index ETF's some time today - Note GS green in this ocean of red.