US market is at a turning point (7/9/09)

Today's market was slow, but the sell-off was ceased. However, if you look at the sector performance, defensives were dropping (health care & consumer staples) while risky sectors (consumer diescretionary, industrials and materials) were on the rise. So these are early signs of investors back to take on more risks. Hope market will go up tomorrow to show its strength. I still have 30% long positions.