Two Weak Sectors

11/20/2009 9:28 am EST


Thomas Aspray

, Professional Trader & Analyst

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The Philadelphia oil services and semiconductor indices were two of the weakest on Thursday, both down almost 3.5%. The A/D numbers were almost 4:1 negative, which as we discussed in this recent trading lesson, is not encouraging. Both sectors show well-defined chart support that needs to hold on any further decline.

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