What Moved the Market Today?
What a reversal in NDX and SPX?
Everything was green at the open, but Techs/AI/Semis dragged SPX and NDX lower.
The broader market was OK, with solid breadth, except in Healthcare and Energy. The latter was overbought, and the drop in oil prices was likely the catalyst for its weakness.
Dow Jones and RSP (Equal-Weight S&P 500) were solidly green; the latter was up about 1%, still a rotational market, but Semis are solidly oversold and probably due for a bounce, despite still having a lower cycle target.
