Follow through has been lacking

Market continues to churn at this level. For last 10-12 days market had big move days, but they have had no follow through and as a result most indices are at more or less same level.
Sector leadership has changed and new sectors are now emerging. Some of them like medical sector are sectors which do well during defensive periods.
The lack of follow through and lack of aggressive buying pressure so far characterizes this market . Breakouts have had immediate corrections post breakouts and follow through on many has been a problem.
Only thing working is earnings breakouts on intra-day basis. ATHN and RMG are good example of that yesterday.

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