SECTOR UPDATE

 Looking at TODAY'S sector rotation, Energy, Tech and Financials are still the main industry groups performing, as many others fall off. So lets take a look at their 3C charts, although it's still early, we have some decent signals.

XLE Energy

 1 min chart saw a positive divergence on the open, now moving toward negative.

 The 5 min chart shows the running negative divergence I mentioned last night, it is going negative here.

 And the 10 min chart looks horrible, this morning it has added to the leading negative divergence.

XLF-Financals

 This s a zoomed out 1 min chart showing the running 1 min negative divergence yesterday

 Zoom in closer on the 1 min chart and again there was an opening positive divergence, but since it has turned negative.

 The 5 min chart is in a leading negative divergence and getting worse this a.m.

 That running 1 min divergence I talked about has accrued on the 10 min chart, which is heading in to a leading negative divergence

 Even worse, the 15 min chart accrued as well and is in a leading negative divergence. Financials are very important, especially for the S&P.

XLK-Technology

 The zoomed out 1 min chart with a running 1 min negative divergence yesterday

 1 min chart zoomed in and you can see the opening positive and now it has gone negative.

 The 5 min chart is in a leading negative divergence.

Here's a closer look at the 5 min chart, negative on this morning's move.