- Market could not put a second day of rally together. After a morning gap down, there was a brief attempt at a rally. But it failed in last hour.
- Market continues to be news driven. The uncertainty surrounding bank rescue package is creating wild swings.
- There is lot of chatter about timid Tim. Most mark participants seems to be losing confidence in Timothy Geithner. Bloomberg had a long aticle about him yesterday.
- If you look at the sector trends, the top sectors are:
- MG513,Drugs-Generic
- MG528,Medical Practitioners
- MG725,Broadcasting-Radio
- MG738,Auto Parts Stores
- MG739,Catalog & Mail Order Houses
- MG741,Sporting Goods Stores
- MG852,Internet Information Providers
- Stocks out of these showing some life are :
- MYL
- WPI
- GOOG
- PCLN
- AKAM
- SOHU
- AZO
- AAP
- ORLY
- AMZN
- CAB
- The technology sector has been relatively outperforming the broad market for sometime.
- The bottom sector are:
- MG313,Housewares & Accessories
- MG325,Paper & Paper Products
- MG328,Office Supplies
- MG444,Reit-Hotel/Motel
- MG629,Textile Manufacturing
- MG712,Resorts & Casinos
- MG771,Major Airlines
2/26/2009
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