US market 6/3/09

Market was in correction today, but the drop was reduced right before market close. It's the volatility caused by both S&P and DJ as they are testing EMA200. That happened to Nasdaq in the past few weeks. But now Nasdaq is sitting above EMA200 comfortably. Besides, when the market broke out the trading range last Friday and Monday, it's natural for it to pull back and test the breakout. Consumer Staples & Health Care sectors were on the rise as other sectors tanked. Let's remain cautious aboout that. Unless those two sectors keep rising, my view of small market correction and testing EMA200 remains.