THE OPEN

Markets are a bit lower in the early going with the NAZ and the RUT doing the worst while the DJIA hangs in the best.

Strong sectors - metals, telecom and drugs while shipping, retail, gaming and ags act the worst.

NYSE- 880 net losers;

NAZ- 700 net losers;

NDX- 10 GREEN;

OEX-30 GREEN;

VIX- down about 4% at 43;

Down volume more than double the up;

SPX trying to hold the 800 level while the RUT/NDX gets thumped in the first half hour of trading- As mentioned earlier, looking for a bust below 850 for a return trip to the downside or a move well over 900 for a significant move higher- neither probably going to happen this week.

Some interesting reading from Todd at Schaeffers;

And the Quant with more good stuff;