08.01.2012 - 1368 first stop

No real change from yesterday.  Not a lot of market movement.

I will say though, there are some important sectors that have been underperforming the entire ramp and this selloff. 

Today for example, DOW down 37, S&P down 4.  

The NAS was down 19 or .66%, the Russel 2000 was down 1.65% and the DOW Trannies were down 2%.

The only area that seems to be doing o.k. that is a growth indicator is the SOX. 

Next movement is still up in the air... but we at least appear to be targeting 1368 before the next movement decision;

Was messing around and these also look like important trend lines short term;