THE OPEN

Markets trading lower and giving up about half of yesterdays gains on the SPX while the RUT and NAZ are doing far worse.

Strong sectors include ags, telecom and oils while tech, semis, internets and real estate are fairing the worst.

NYSE- 925 net losers;

NAZ- 875 net losers;

NDX- 7 GREEN;

OEX- 15 GREEN;

IBD- 25 GREEN;

WINNERS- BWLD TITN SYUT CF KSU APEI AGU TESO BABY T MO NSC VZ RF BNI TYC MER MS TWX;

LOSERS- DELL IP ORCL BK EMC INTC CBS UAUA MRVL SNDK LVLT ADSK LRCX RIMM EXPE GRMN AFAM FORR RIMM;

SPX 1300 again a head wind and many traders still waiting to see which way this market is going to go- next week should be very interesting as all the big guys are back in their chairs-