THE OPEN

Markets chopping near the unchanged line but internals on the NYSE show a different story.

Strongest sectors- banks, ags, tech and internets while metals, homies, shipping and midcaps lag.

NYSE- 900 net losers;

NAZ- 220 net losers;

NDX- 35 GREEN;

OEX -45 GREEN;

VIX - up 1% at 49;

Down volume 1.5X the up;

TRIN- 1.01

Gold down $6 at $964;

Shorted some JPM as banks rallied but that is now turning my way- looking to short REITS on a bounce SRS- and FWIW - sectors turning red in a hurry as I type.