All three major groups ended the previous 31 days up a median of .08, all doing better CO than OC. There is a general perception that the couch potatoes aren’t worth the P/E premium. Tangibility is the new in thing.
LABU has gone from almost 87 on 29-Apr to almost 57 today.
I was bullish on the weekly semis when the right side rectangle was smaller. If the intermediate 216 low is taken out, the 13 month SMA is at 199.
The little 2 day rally to new SPY highs, was likely God giving people an extra chance to lighten up.