OPENING CHOP

Markets open lower on the heels of a mixed bag of earnings news - good from AAPL EBAY RTN and bad from UPS.

Strong sectors- gaming, banks, metals, internets and real estate while biotech, semis, homies and shipping lag.

NYSE- 260 net losers;

NAZ- 650 net losers;

NDX- 30 GREEN;

OEX- 40 GREEN;

VIX- flat at 37.8;

Gold higher by $9 at/near $900;

Lots of cross currents and lots of chop this morning as the ES held the 833 level and is now heading back to the pivot at 842. Clearly some heavy over resistance remains at the 860 area so plenty of chop probably for today and tomorrow.

My platform having some issues this morning so probably going to sit on the sidelines and watch the chop closely.