At the moment, just about every sector that we track is down since the free fall on Tuesday, on a breadth and price basis. A few very specific groups have shown some resilience on a breadth basis, such as oil & gas pipelines, building materials wholesale, personal computers, health care plans, etc..

On the downside we see some larger type groups taking the brunt of the selling on a breadth basis, such as Biotech, Homebuilders and Semiconductors. We do believe there is more downside to come, at least until things appear more clear from China. At that time we will be bargain hunting aggressively.

Cheers,
Ralph
http://blog.successfulonlinetrading.com/