THE OPEN

Markets are trading in ch0pfest mode as dips are bought and rips are sold- with a downside bias.

Strongest sectors- materials, trannies, ags, retail, junk and telecom while real estate, homies, small caps, energy and banks lag.

NYSE- 450 net losers;

NAZ- 650 net losers;

NDX- 32 GREEN;

SP 500- 170 GREEN;

VIX - at near 30 and down about .5%;

Volume about equal on the NYSE and slightly more to the downside on the NAZ;

The latest from Kass;

Looks like a sloppy day and one for quick trades in any particular direction _ I had a very nice day yesterday and will look to work slowly today and look for good setups.