End of Day Sector Rotation Gets Defensive Again

Financials, Basic Materials, and notably, Technology are all falling off, Utilities, probably the most defensive sector has been notably strong today, we don't usually see that on a risk on day as allocations tend to be more aggressive. Industrials are also picking up, which may be more of a rotation in to blue chip names. Energy has been climbing all day, I have little doubt that crude oil/USO has contributed to the turn around in Energy coming off a bad day yesterday(actually a string of bad days) as it fills the gap today.

As I expected just an hour ago or so, AAPL is showing weakness in to the close.

The NYSE Tick Index has been surprisingly mild today, after hours breadth will probably explain what's going on there.

Both GLD and SLV are down on the day, SLV has not broken it's trendline, but is very close to doing so. Other commodities have done pretty well including steel and copper, most probably as a result of the NFP print because the $USD is literally unchanged on the day.

The AEO short idea from yesterday still looks good, yesterday's long idea, GALE is up 30% on the day and up 43% since the idea yesterday and on increasing volume.

I'll give you the internals/breadth after the close.