OPENING TELL

Markets a little lower this morning - but hardly seems like it wants to implode on the C/GS earnings numbers.

SPX -3, NAZ -8.5 and DJIA -23.

Strongest sectors- nat gas, retail, biotech, drugs and consumers while gaming, brokers, semis and metals lag.

NYSE- 965 net red;

NAZ- 1050 net red;

NDX- 21 GREEN;

SPX- 171 GREEN;

VIX- down 1% at 22.65 and 7.5% below the SMA 10.

TRIN- 1.27 with down volume 2.5x the up.

Looking to buy some RGLD on this pullback and suspecting the major indexes may sell off a bit more as the internals are far worse than the actual indexes - so just a heads up. And so much for nat gas as the price gets crushed on the inventory numbers.