No rotation today, just selling
Technology stocks, especially big technology stocks, led the markets lower today with the NASDAQ 100 down 1.30%. But no sector stepped forward to say "Give me the cash." The consumer discretionary and consumer staples Select Sector SPDRS, XLY and XLP respectively,...Key stocks close at 50-day moving average–again
Hmmm. Last time a declining technology sector bounced hard, it staged that recovery after hitting the 50-day moving average. Well, guess what? It's back. For example, Apple (AAPL), a critical bellwether stock in the sector closed today, September 17, at $110.34. The...Tech bounces off 50-day moving average
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