Tech and Financials look like they continue to lose support, Energy however, while not giving a strong buy signal, is holding up a little better than "in line".
I'll have to take a closer look at individual components, but my guess is there may be some fear of inflation in Energy ahead of the ECB tomorrow. USO looks similar.
Energy is pretty much in line -2 min
3 min is a bit better than in line, but not a high probability signal
5 min is close to in line. Perhaps the sector is waiting to see the fine print tomorrow with all of the inflationary talk today and I believe gas hit a new historical high today.
Financials look much different, there's clear deterioration here.
The same here as there has been in the past on this chart.
3 min showing even more, this is not something new, more of a trend.
The 5 min leaking off badly.
Tech is seeing weakness today as well in underlying trade.
Tech 3 min
I think I already showed you this chart today
FB is holding up pretty well thus far considering the sector's looks, +5% now
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