The NDX was expected to get a boost from INTC, which it did, but unfortunately realtive weakness in AAPL spoiled the party. Even decent moves by the other big kahunas of the NDX, MSFT and CSCO, didn't get the job done. This seems to be having a tough time with it's 50dema, but the 200 should be support.
The Russell 2000 was very weak today, and the rally that should have been never got off the ground. It is just about to meet the descending 50dema, which it almost tested today, and that could very well push ot back.
The FOMC minutes were released in the afternoon, which also weighed on the market. The Fed is finally acknowledging deteriorating economic conditions, and although they won't admit it, there isn't a whole lot they can do about it. We will get a clearer picture in the nexxt couple of weeks as the bulk of earnings come out.
I will have the new highs update shortly.