It was another rough day to be a trader however Mr. Market actually showed some late signs of strength after a mid afternoon wash out that rattled most if not all. On the day, Oil and Gold saw continued selling while Bioteches and Drugs showed relative strength. Breadth finished poorly but improved throughout and is something we will be watching closely over the next few days.

While we saw a few nasty reversals in some of our holdings, it was a pleasant surprise to see some strong finishes out of others. This at least lets us know that participants are searching far and wide for earnings winners that look ripe for an entry.

It is far too early to call today the bottom, but it is definitely a start. After 3 days of pain and poor finishes, a small showing of bullish troopage at the end of the day is at least the first step.

Have a good evening.

RevShark