THE OPEN

Markets are mixed and the action is very very choppy on this expiration Friday- may be a good day to hit the beach or the slopes here in snowy New York.

Strong sectors- ags, biotech, drugs, utils and tech while shipping, real estate, fins, gaming and energy lags.

NYSE- 400 net losers;

NAZ- flat internals;

NDX- 55 GREEN and sinking;

OEX- 45 GREEN;

VIX- up a smidge at 44;

TRIN- 1.05 down volume a bit more than up;

Gold down $4 at $956 and note Gartman is now long the yellow metal;

Crude- up a hair at $52.25;

Market seems to be losing steam as I type with the NDX acting the best and the SPX the worst in light of the crummy performance from the financials.

Probably an ugly choppy day - so not doing much. Long SRS as that continues to act well -