Choppy start of the trading session close to yesterdays’ lows which followed with a classic close of the gap move. After that the steam run out for the bulls and price took a dive again. The last two hours of trading were very choppy and the day closed almost flat from the opening. Volume was low.

Fears of a swine flu pandemic affected the market today. The Transport Sector and Oil prices were among the hardest hit on fears that they will be adversely affected in a global pandemic scenario. Selected stocks of drugmakers related to flu showed some large up moves. GM is trying hard to restructure in order to avoid bankruptcy and the market responded with a rise of 20 percent in the stock price.

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