A late "surge" kept the S&P500 above the 100 day moving average (@1204). Otherwise trading today started strong and finished weak, closing 19 points below day's high and 3 points above days low (seen in last 10 minutes).
Steel and banks and transports were quite weak. In fact the DJ Transports were the weakest average on the day. Airlines including FDX were all quite weak.
Traders still looking for Santa Rally.