Friday Morning Update

It looks like 1140 is going to be the key level today, and we came right down to test is frst thing this morning. If that holds and serves as a launching pad for a move up, that would be a very encouraging development (although not quite enough to turn me bullish). I;m ignoring the news today as the on again-off again bailout of Greece is getting very annoying. the leading sector is XLP, with XLF and XLB the laggards. The Nasdaq has quit lagging for now and is about even, but the Russell 2000 has a slight lead. Oil is down, gold up, treasury yields down.

I have all of 3 new highs so far, no breakouts, and nothing reporting today. It looks like I an go back to sleep.