THE OPEN

Markets open lower and trend day after the open as the SPX is down 23 and the NAZ -45.

Strongest sectors- metals, bonds, drugs and internets while energy, real estate and fins lag.

NYSE- 2200 net losers;

NAZ- 1560 net losers;

NDX 10 GREEN;

OEX- 15 GREEN;

VIX higher by 10% at 37.45;

Gold up and crude down;

Areas of support on the SPX seem to be at 840 and 830 after that which is the SMA 100. Its pretty ugly for now and unless the bulls get some jig quickly it could be one of the down 300 days and a close on the low.