A weak reflex bounce

Considering how deeply oversold we are, the rally which we saw yesterday was not at all impressive. Typical reflex bounces end at other end of range. That is a very weak and tepid bounce.
The 800 pound gorilla in the market currently is the banking sector. They were making new lows yesterday. Compare that to November reflex rally, you had them reversing and heading higher. That makes the action of yesterday very suspect.
Top sectors are:
- MG113,Agricultural Chemicals
  MG132,Copper
  MG717,General Entertainment
  MG725,Broadcasting-Radio
  MG738,Auto Parts Stores
  MG741,Sporting Goods Stores
  MG747,Apparel Stores
  MG821,Multimedia & Graphics Software
  MG834,Semiconductor-Integrated Cir
  MG850,-Internet-
  MG852,Internet Information Providers
Bottom Sectors are:
- MG313,Housewares & Accessories
  MG328,Office Supplies
  MG417,Regional-Pacific Banks
  MG425,Credit Services
  MG431,Life Insurance
  MG444,Reit-Hotel/Motel
  MG447,Reit-Retail
  MG523,Health Care Plans
  MG629,Textile Manufacturing
  MG712,Resorts & Casinos
  MG771,Major Airlines
Stocks near their 52 week high are:
- AIPC
  AZO
  CVTX
  CYCL
  DLTR
  EGO
  GMCR
  HOTT
  IDEV
  INSM
  IWOV
  MIN
  MYGN
  NFLX
  NITE
  ORLY
  PCG
  PSD
  TEVA
  TNDM
  VR
  WTR
Stocks showing up in short scans are:
- COCO
- PALM
- APOL
- POT
- DV
- ESI
- USB
- WFC
- JPM
- ORCL
- NTRS
- MA
- IPI
- KGC

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