The Rusell 200 is pretty straightforward, 600 at the bottom, 625 at the top, and 612.50 in the middle. The problem here is that the moving averages are now in the middle of the range, and for the second day in a row threw us back. This is the closest to the bottom of it's range, and if it breaks will lead the rest of the market down.
If you've been reading the blogs today, you have seen the references to the Bloomberg article in which the birth/death model used by the BLS will be undergoing revisions. Past NFP reports will be revised downward by a total of 824, 000 (I like Mish's take on it, here). It turns out that the birth/death model has severely overstated job creation in the last two years. And that is a surprise?
I don't know if I will have internet access later, so the new highs update will be up a little early tonight.