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The technology was very weak today, and it brought down many of the momentum stocks. The Gold Miners have been a major disappointment.

Technology was very weak today, and it brought down many of the momentum stocks.

Today's strength was in Pharmaceuticals, Materials and Financials. Small Caps were strong, but gave back a good part of their gains.

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This strength in Materials caught me by surprise.
 

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The Gold Miners have been a major disappointment. I guess I would have done a lot better buying XLB. I am out of the miners now, and will wait until the technicals improve before attempting a purchase again.

 

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