Wednesday, December 2, 2009

12.02.09 - Financials & Energy Hold Back Advance


The market is having a difficult time in the face of weak Financial (XLF) and Energy (XLE) sector performances.   While the balance of volume still suggests a range day, right now my other internal indicators are looking weak.  Nevertheless, there is still a slight preference for risk today with the Small Caps (IWM) and Emerging Markets (EEM) holding their ground, so there is no obvious second-half-of-day direction indicated.

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