As the bid shifts back to the venerable likes of the S&P 500, certain momo leaders like the Biotechs and the Internets are hiccuping and others, like the Semi’s and Small Caps, are downright on the verge of breaking down.
As the bid shifts back to the venerable likes of the S&P 500, certain momo leaders like the Biotechs and the Internets are hiccuping and others, like the Semi’s and Small Caps, are downright on the verge of breaking down.
SOX-SPX
RUT-SPX
While BKX-SPX flounders around trying to get its leadership back in alignment with interest rates, which we knew it would do eventually after going the wrong way the previous 2 weeks as yields dropped.
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