Where Will Strong Sectors Find Support?

The weak opening Wednesday was a sign that the market rally had already fizzled, as many of the major averages are now approaching or testing the December lows. There is longer term support from early November, which, for the Spyder Trust (SPY), is just 1.4% below current levels. The small-caps and Dow Transports were two of the weakest indices, along with the KBW Bank Index, all down 1.205-1.30%. The homebuilders did a bit better as the iShares US Home Construction ETF (ITB) was down just 0.45%...