OPENING MUCK

Market are way down this morning but seem to finding some temporary support near the SPX 903 area- which was also support last week- before the turn higher.

SPX -18, NAZ -42 and DJIA -122.

Strongest sectors- telecom, homies, retail, junk and drugs while energy, materials, metals, trannies and ags lag.

SPX 70 GREEN;

NDX 3 GREEN;

Winners- SO AEP S LOW WMT ETR WY VZ MA FMCN ALTR VRSN BBBY MRVL;

Losers- JOYG STLD FLEX FWLT LINTA AKAM NIHD FSLR AA NOV DVN HAL DOW WMB OXY;

Gold down 12, crude down almost $3 and nat gas down about 4% while ag commodities down about 2% or more across the board- and the dollar up only .5%.

Down Volume 10x the up;

TRIN 1.71;

TICK reading have been ugly all morning as they repeatedly hit between -800 and -1,000.

I am still looking for support at the SMA 50 of 898 on the SPX - and way lower than that on the NDX at 1405.