ONE WORTH WATCHING

The major market indexes so far today are about unchanged. The ETF of the day (so far) is the SMH (OIH is always a big mover so it doesn't count), and if it can continue to move higher it will probably drag the techs and the NAZ with it. As I type it is up over 1%. Sticking out like sore thumbs to the dark side are AAPL/ GS and low and behold GOOG is up four beaners(dollars).

JOYG, an original pick from the IBD momo list is trading at a new high over 61.

There isn't much movement otherwise with the market internals flat. The long Bond is unchanged and the SPY Pivot Point today is about 130.1 and I would watch the activity around that level. Initial resistance is 130.75 and support is 129.7.