Rotation.

 

In summary, the market has been wounded by this sharp decline this week, but the SP-500 chart is not bearish. It would have to break support at 4000 in order for bears to have an upper hand.

 

"Test ideas by experiment and observation. Build on those ideas that pass the test. Reject the ones that fail. Follow the evidence wherever it leads. And question everything, including authority. Do these things and the cosmos is yours."

Now at this point yesterday was 80% decliners and today over 80% advancers. That doesn't tend to happen in bull market regime.

Distribution day for RTY closing near the lows today.

                                      For growth equity investors, cash is King for now!