OPENING LOOK

Markets are lower after the in line jobs numbers- not surprising in light of the recent straight up move in the markets. SPX -5.5 and NAZ -9.

Strong sectors- gaming, energy, utils and junk while biotech, real estate, homies and metals lag.

NYSE- 780 net red;

NAZ- 565 net red;

NDX- 30 GREEN;

OEX- 25 GREEN;

VIX - down 3% at 40.8;

TRIN- .91 with down volume 1.5x the up;

Gold +3 at $906;

Crude down 75 cents at $52;

Expecting a choppy day - and a lower close - next week will start the new action is earnings and guidance starts to hit- I guess most are expecting a sell the lousy news -

RSI 2 levels now at about 73 on SPX;