THE OPEN

Markets open and they are trading at the lows of the day as I type. The SPX down 18 and the NAZ -31 -

Strong sectors include metals, bonds and utils while gaming, homies, trannies and real estate act the worst.

NYSE- 1830 net losers;

NAZ- 1240 net losers;

NDX- 6 GREEN;

OEX- 9 GREEN;

VIX- up all of three percent at 42.15;

TRIN- .75 with down volume about 5x the up;

Gold +11 at $881;

Crude down $1.7 at 49.4;

Still looking at the SPX 805 level as major support area with 815 as a probably temporary stopping area- so looking to short the pullups as long as the internals stay ugly.