THE WHOOSH

Markets open lower as the selling from early yesterday afternoon continues now- SPX -8, NAZ -6 and DJIA -46.

Sector strength - ags, homies, metals and retail while gaming, real estate, airlines, banks and brokers lag.

NYSE- 1460 net losers;

NAZ- 760 net losers;

SPX- 88 GREEN;

NDX- 28 GREEN;

VIX- up 3.5% at 23.8;

TRIN- .96 and down volume about 3x the up- AIG C green FRE FNM BAC red;

Dollar now flattish on the morning while gold is down a hair after being up $10 earlier.

RSI 2 levels:

SPX 42;

NAZ 50;

DJIA 43;

RUT 30;

Nice support on SPY near 106.75 or 35 on SSO - so looking to buy back from yesterdays sells- I suspect this sell down will be limited and folks will look to buy the dip as the year starts to get nearer the end and performance anxiety hits -