The S&P 500 broke its five-day winning streak, but the NASDAQ continued to run. There is nearly unanimous agreement that the market is extended, which had kept today’s drop contained. Afternoon news that Moody’s downgraded Portugal’s debt had a brief impact on the market, but strong action in big-cap momentum names and precious metals kept the bulls alive. The main focus would be on jobs this week as we have ADP tomorrow, Unemployment Claims Thursday and Nonfarm Payroll Friday.