THE OPEN

Markets are generally trading lower with the DJIA -60, NAZ -8 and SPX -1.

Strong sectors include steel, oils, utils and biotech while brokers, banks, homies and internets are lower.

NYSE- flat internals;

NAZ -570 net losers;

NDX- 30 GREEN;

OEX- 45 GREEN;

VIX- flat at 23;

up and down volume about equal;

Crude and gold trading near the flat line;

Not much excitement this morning and the markets feel and directionless for now- area of support on the SPX probably near the 1245 level- 50% retracement.