Note: Click graphic to enlarge.

The initial Political Derby Composite: South Carolina demonstrates a tight, three horse race as Mitt Romney, Rick Santorm, and Newt Gingrich are within 6.5 points of each other.

Polling data in South Carolina is quite a bit lighter than it was in Iowa and New Hampshire which could lead to more variation, meaning the Palmetto state is truly a toss-up today.

South Carolina’s record of picking the nominee is well known. As such, it is interesting to see that the South Carolina Composite trends are similar to the national race. Romney has consistently sat in the 25 percent range, Ron Paul in the 10-15 percent range, Gingrich had a huge surge, but has since cooled, and Santorm suddenly spiked, putting him in the running.