THE OPEN

Markets open lower with the DJIA -50, NAZ 10 and SPX 8.

Strong sectors include junk, utils and biotech while gaming, real estate, metals and energy lag.

NYSE- 1100 net losers;

NAZ- 425 net losers;

NDX- 25 GREEN;

OEX- 25 GREEN;

VIX- barely higher at 43.2;

Down volume 5x the up;

The $$$ is strong while gold has slipped under the $825 level- EURO 1.33;

Don' see much in the way of positives for this market except for the over sold conditions- as on five minute charts the markets keep making lower lows.

A bounce later in the day is probably in the cards - and I will probably add to longs shortly.

Tim Knight on advising and trading;

Market Sci - testing the rules;

24/7 on media brands;