THE OPEN

Equities open mixed as we appear to be at some near term support on the SPX - currently SPX flat, NAZ +6 and the DJIA -4.

Strongest sectors- internets, banks, semis, brokers and biotech while nat gas, homies, metasl, gaming and reits lag.

NYSE- 780 net losers;

NAZ- 100 net winners;

SPX- 195 GREEN;

NDX- 46 GREEN;

TRIN- .63 with up and down volume about equal;

VIX- flat at 24.45 and about 15% above the SMA 10.

Gold a bit lower while the dollar is a hair higher.

Equities feel like they want to go down although support on the SPX at near 1090 level - the SMA 100M near here at 1088- thinking that is not going to hold and this fish is holding powder - did buy some SSO the other day but waiting to add more - right now doesn't feel quite right.