THE OPEN

Markets are up and running lower as usual but they have a different feel this morning in light of the pounding they took in the final hour on Friday. NDX/RUT/MID look to be the strongest and are probably flashing a preview of later day action.

Strong sectors- oils, shipping, gaming and small caps while financials, metals, internets and real estate lag.

NYSE- 700 net losers;

NAZ- 100 net losers;

NDX- 25 GREEN;

OEX- 25 GREEN;

DJIA - 4 GREEN led by GM BA XOM MCD- worst includes AA DIS BAC MSFT KO C;

VIX- up 2.25% and near 68;

Crude and natty gas higher 58+ and 6.5;

Gold $735;

Hopeing for that ramp later in the day and one strategy for the day may be long QLD/QQQQ/UWM and short DIA/SPY/SDS as tech and small caps are faring much better than financials.