OPENING CONFUSION

The markets are way up again but seem to be rolling over quickly led by the NDX which is flat on the day while the NQ Futures are down 25 as there was a big difference between the 4 and 4:15 closing prices.

Strong sectors- banks, financials, telecom, shipping, brokers and oils while real estate, semis, internets and homies lag.

NYSE- 1750 net winner;

NAZ- 800 net winners;

NDX- 65REEN;

OEX- 80 GREEN;

VIX- down 5% at/near 52.25;

Up volume 7X down;

Originally I was looking for a temporary stopping point at /near the 1000 SPX level.

And after looking at the charts, the 1075 SPX level look like another temporary topping area as it is about the 50% retracement between the August 11 high at 1310 and the Oct 10 low near 840.

Problem is the action right now is not all that enticing with the big futures selloff in the first few moments of trading. Watching to see if I want more longs or going to start scaling into shorts.