Day Summary

Eventhough broader markets had no sign of weakness theer was huge underlying weakness in indiavidual stocks, few sectors clearly got hammered today. One of them was oil and nat gas sector which was the worst performer of the day. Coal stocks which have been market leaders lately also got hit hard. Notably on the bright side retailers, transportation and semis led the charge, it could be just one off day or start of sector rotation. Clearly oild going down will definitely help retailers and transport sector. Tomorrow is Fed day so expect some volatility.