THE DIPS

Markets are trading lower with the DJIA -36, the SPX -4 and the NAZ 6.

Strongest sectors include nat gas, ags, banks, brokers, gaming and energy while metals, homies, silver, reits and real estate lag.

NYSE- 700 net losers;

NAZ- 200 net losers;

SPX- 105 GREEN;

NDX- 35 GREEN;

TRIN- .48- with up volume a bit ahead of down. I wouldn't read to much into the TRIN as it is again being skewed by BAC C and some others.

WINNERS- MRK BIDU BACD MCD SGP INTC JPM AAPL UTX COP SLG;

LOSERS- LTD PHM TROW BHP LLY BA FCX MMM DOW DIS HD AXP TRV AA CSCO;

Looks like the usual lower opening with buyers lurking - so getting ready to buy a dip as lots of folks still under invested - and when does some bad news show up which will drive the markets lower - don't see it for now.