Definitely a flight to quality going on in trading here. The market fell by 1% with the defensive groups far outperforming the cyclical sectors.
That said, discretionary and technology look to have some divergence in the performance of the individual constituents versus the performance of the sector as a whole. Both sectors fell by about 1% on the day, but the price/volume heat map shows some underlying strength, as reflected by better price/volume dynamics.
That said, discretionary and technology look to have some divergence in the performance of the individual constituents versus the performance of the sector as a whole. Both sectors fell by about 1% on the day, but the price/volume heat map shows some underlying strength, as reflected by better price/volume dynamics.
No comments:
Post a Comment