Yesterday's late bounce and this morning's opening follow-thrugh were heralded by many talking-heads this morning as the end of the sell-off and a great buying opportunity. Well, on the bright side, those stocks are now at least 3% cheaper having plunged from the opening highs - even as the broader indices hold in. The Momos, also considered to have seen the worst, are re-collapsing...
The Nasdaq and Russell are now red YTD once again
This is the 8th day in a row of early strength collapsing into weakness...
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and the momos are giving all the early gains back...
[4]
so much for that "rotation"