Bespoke's Sector Snapshot (12/24/08)

Heading into the Christmas holiday, below we highlight our sector snapshot to see how things currently stand. After staging a solid rally off of the November lows for a multi-week period, the major indices have now drifted lower for multiple days. The last couple of days have just been gut wrenching, as the market has been moving slowly lower by the minute all day. It would be a fitting finish to the year if the market closed down six days in a row heading into Christmas. Hopefully we can break the trend today so people can go home happy for the holidays, but if the rest of '08 is any guide, odds are that the grinch will be out in full force.

On an individual sector basis, Health Care has held up the best in recent days, and it remains above its 50-day moving average. Technology, Energy, and Materials have been the worst performers, and they're on the verge of completely breaking down again.