Communications showing some life. Energy losing momentum.
Yup - they are back to the dip buying.
Mag7 stocks are the ones leading this market lower this year relative to the rest of the S&P 500.
Largest net selling in stocks by hedge funds last week in the last 5 years.
Only one showing any relative strength is XLF... but even it has been getting pummeled over the last 3 days.
VIX looks like it wants to make another run at resistance here.
T2108 with some bounce but not much.
Tech bear flag has yet to confirm.
So far the bounce has been in line with other similar market pullbacks.
Financials and Energy the current market leaders here.