OPENING SPILL

Feels like something is changing underneath the market as the sellers are starting to take control- not sure if this is the big trend change but it wouldn't be surprising.

SPX -4 and about 5 above big support at 900 area- DJIA -7 and the NAZ -11- and the weakest of the big indexes.

Strongest sectors- metals, drugs, ags, telecom and materials while banks, homies, semis and real estate lag.

SPX - 170+ 322 red;

NYSE 700 net red;

NAZ- 725 net red;

NDX- 20 GREEN;

OEX - 45 GREEN;

VIX - flat at 32.9;

Bought some SRS and looking to add to positions - also looking at SDS as I think the market breaks under the 900 level- although still lots of folks want in - and lots with profits to protect.

RSI (2) levels also coming in of late with most major indexes now at/near 30 with the QQQQ at 15.