I sensed today that the mkt may finally be starting to break down. Great earnings all week and SPY's couldn't make any headway. Now bad earnings coming out and stocks getting hit hard. Alot of strong sectors broke down this week already (I.E. Home builders and health care). SOX hasn't yet but it may get its tomorrow with QLGC down $3+. Notice NVDA was leading nasdaq on the way up and it is poised for technical breakdown tomorrow. China dotcom's looking tired. Not seeing much pull back in biotech yet. Next 5 trading days will be more exciting than the past 6 weeks. Just a hunch. I don't see much downside however. I'm looking for a retest of 965 on SPX very soon and a late summer bottom around 935. Mkt feels like it has been distributing last 6 weeks. Anyone else see this?