No follow through

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

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