Sector Rotation or Another Tech Wreck? Tech Wreck Part 2? Or Just Profit Taking.

where can i buy neurontin Sector Rotation Away from Large Cap Growth (QQQ) to Value (XLF)

Volatility Returns

Tech and biotech stocks were hit from sector rotation with the NASDAQ down 2.18 % to and the QQQ down 2% to $136.75 provigil modafinil buy online uk as of mid-day trading. This is the second hit in June for the Qs near its 52 week high of $144 in early June. On Tuesday we suggested that holders of the meteoric XBI “take a little off” as shares were up 34% YTD.

Financials (XLF)  and energy (XLE) lead the market today although they are barely up, whereas market leaders, technology (XLK) is down over 2% and healthcare (XLV) down over 1%.

Biotechs recovered a bit yesterday despite delays of “ACA replace and reform” but are being hammered across the board today with many 3%+ losers among mid and large caps.

After a great month in biotech, FANG stocks over owned  and many fund books are closing out the month. A big JULY 4th holiday ahead makes it a good day to trim positions.

Update tomorrow on biotech stocks.



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