1.   As traders rotated out of the high-tech sectors Thursday, they moved into defensive groups with steady earnings, like pharmaceuticals.

2.   But traders rotated money into the footwear sector Monday as part of the trend of directing more of their attention to consumer issues.

3.   But traders rotated out of the drug sector Friday.

4.   Paper stocks were off, as traders rotated into other sectors.

5.   Some semiconductor stocks dropped, however, as traders rotated into issues perceived as likely to enjoy higher earnings later this year.

6.   Traders also rotated into aluminum issues.

7.   Traders rotated out of airline companies, pushing these issues downward.

8.   Traders rotated out of a number of drug issues Wednesday.

9.   Traders rotated out of some beverage issues.