%%The market isn't selling off it's sector rotation.
LOL complexion or color changes very day.Looks more like a rotation , typical AUG; than trend change.
QQQ closed once below 50dma/ but that hindsight, in the past


%%The market isn't selling off it's sector rotation.


Hello Anglo_pride,The complexion of the market has changed. Stocks are now selling off on good news. The high flying high beta have peaked and started selling off a few weeks ago ( HUBS, SNOW, NOW ). These types were also the first to top out in late 2021. Now they are hitting the semi’s.
I think the AI mania did not meet earnings expectation and we also now have yields rising. A lot of leaders broke below their 50 dma. How am I making money? Finding set ups and getting out quickly.
%%sell the news

Some heard SCHW note[SPY + related ] 50dma+ give a bearish + bullish case..........

%%
SOME did LOLSome heard SCHW note[SPY + related ] 50dma+ give a bearish + bullish case..........
At end of the day, see what the charts, newscasters +plenty of charts study says , so to speak.![]()