Today's Data - 2011-01-28

Stocks turned lower this morning after U.S. fourth-quarter GDP failed to meet expectations and earnings did little to entice investors.

The U.S. economy expanded at a 3.2% clip in the fourth-quarter according to the first estimate from the Commerce Department. This is an acceleration from the 2.6% expansion in the third-quarter but lower than the 3.5% that economists had expected. Consumer spending gained 4.4% in the quarter after a robust holiday shopping season.

The Reuters/University of Michigan consumer sentiment index dipped slightly in January from December levels but still came in ahead of expectations. Inflation expectations rose to 3.4% in the month from 3% in December.

(Data is bad, but not that bad.  However market was acting for the yesterday's data which is more critical to us.  it's clear that the uptrend is broken. whether the downtrend is coming or not. we need check if the SP500 1280 will be broken through. I will give my goal in this weekend. 

let check If we can be in the correct track again. )