The Traderszone Network

Published in TZ Latest News 9 June, 2017 by The TZ Newswire Staff

Face-boom! Techs Wreck, but Fins Win; Growth Trips as Value Rips (Sectors Rotate on a Dime)

Facebook stock suffered an explosive decompression Friday, along with other mega cap tech stocks. But Financials stocks had a winning day as techs wrecked. Despite these gyrations, market internals improved due to new highs in the broader indexes such as Russell 2000 and NYSE Composite.  Here is how the market rotation looked like over the past week (see Chart 1): Energy, Financials, Dollar and Building Materials were stronger; Bonds, Utilities, Consumer Discretionary, Technology and the QQQ were all weaker.

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