THE OPEN

Markets open lower on the heels of some weaker earnings released after the close yesterday. the DJIA -85, NAZ 24 and SPX 12.

Strong sectors- gaming, retail, brokers, trannies and banks while metals, oils, emerging markets, tech and ags lag.

NYSE- 1325 net losers;

NAZ- 660 net losers;

NDX- 15 GREEN;

OEX- 29 GREEN;

VIX- up a bit at 54.6;

Down volume about 2X up;

Looks like the down opening is being bought and that is very good news for the bulls - as up on bad earnings news is a good sign.

Notably in the green - and a rare sight GE- +2% in early trading-

Other winners include CBS MMM MS FWLT and WYNN;

Losers- TXN OXY C AVP YHOO ERTS DD HPQ;