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Tuesday
Jun292010

More Sectors at New Correction Lows

The Consumer Discretionary and Consumer Staples sectors broke below their prior correction closing lows last week, and three more can now be added to the list with today's declines -- Technology, Industrials, and Energy.  Half of the ten sectors are now at new correction lows, while half are still holding on for dear life.  Consumer Discretionary continues to be the weakest sector during this current downturn, and any positive technicals that were in place for it are now long gone.

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