THE OPEN

Markets opened higher and have quickly flipped to red. The DJIA -40, NAZ -5 and SPX -4.

Strong sectors- internets, banks, biotech, energy and corp bonds while gaming, homies, shipping and real estate lags.

NYSE- 300 net losers;

NAZ- flat;

OEX- 30 GREEN;

NDX- 35 GREEN;

VIX- up barely at 43;

Down volume about 2x the up and the TRIN - 1.49;

Gold near $920 and Crude a hair over $42 dollar up and euro down;

Feels like a choppy day after two trendy days yesterday and the day before- and DJIA 8000 only 100 points or so below - and that has been pretty good support.