In earlier posts towards the end of last week, and on the eve of today's stock trading session, it was noted that the financial and the energy-oil stock market sectors were weaker compared to other sectors of the stock market, and that it would therefore not be surprising if they were to come under downside pressure, particularly given the strength of the US dollar shown against the other currencies in last night session, and the rise in the yield on Italy's sovereign bonds.

The weakness is reflected in today's new-lows stock list, and in the performance of the financials EFT (stock ticker XLF) and the energy EFT(stock symbol XLE). We note that the top four stocks in the stock list below which are leading in trading volume are financial and energy-oil stocks. The stock market bears generally pay attention to stocks that are in weak sectors, are leading in volume and making news lows, and in turn might lead to stock market buyers to delay or cancel stock buying plans they may have had.

Ticker Company Sector Industry
BAC Bank of America Corporation Financial Regional - Mid-Atlantic Banks
MS Morgan Stanley Financial Investment Brokerage - National
FST Forest Oil Corp. Basic Materials Independent Oil & Gas
BCS Barclays PLC Financial Foreign Money Center Banks
JASO JA Solar Holdings Co., Ltd. Technology Semiconductor - Specialized
VIP VimpelCom Ltd. Technology Wireless Communications
MMI Motorola Mobility Holdings, Inc. Technology Diversified Communication Services
WFR MEMC Electronic Materials Inc. Technology Semiconductor - Integrated Circuits
GFA Gafisa S.A. Industrial Goods Residential Construction
HEV Ener1, Inc. Industrial Goods Industrial Electrical Equipment
FHN First Horizon National Corp. Financial Regional - Southeast Banks
CREE Cree Inc. Technology Semiconductor Equipment & Materials
IRE The Governor and Company of The Bank of Ireland Financial Foreign Regional Banks
BQI Oilsands Quest, Inc. Basic Materials Nonmetallic Mineral Mining
FRO Frontline Ltd. Services Shipping
MBT Mobile Telesystems OJSC Technology Wireless Communications
KCG Knight Capital Group Inc. Financial Investment Brokerage - Regional
FBR Fibria Celulose SA Consumer Goods Paper & Paper Products
AUO AU Optronics Corp. Technology Computer Peripherals
LL Lumber Liquidators Holdings, Inc. Services Home Improvement Stores
SHAW Shaw Group Inc. Industrial Goods Heavy Construction
SOMX Somaxon Pharmaceuticals, Inc. Healthcare Drug Manufacturers - Other
ONAV Omega Navigation Enterprises, Inc. Services Shipping
EXH Exterran Holdings, Inc. Basic Materials Oil & Gas Equipment & Services
ZN Zion Oil & Gas, Inc. Basic Materials Oil & Gas Equipment & Services
BTN Ballantyne Strong, Inc Consumer Goods Photographic Equipment & Supplies
KBW KBW Inc Financial Asset Management
BALT Baltic Trading Limited Services Shipping
BMTI BioMimetic Therapeutics Inc. Healthcare Medical Instruments & Supplies
CTDC China Technology Development Group Corporation Industrial Goods Industrial Equipment & Components
NLST Netlist Inc. Technology Semiconductor- Memory Chips
MEG Media General, Inc. Services Publishing - Newspapers
ENMD EntreMed Inc. Healthcare Biotechnology
HAUP Hauppauge Digital Inc. Technology Computer Peripherals
HOKU Hoku Corporation Technology Diversified Electronics
LTBR Lightbridge Corp. Basic Materials Synthetics
CEDU ChinaEdu Corporation Services Education & Training Services
SHIPD Seanergy Maritime Holdings Corp Services Shipping
AXR AMREP Corp. Financial Real Estate Development


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