We will have a bigger report on Sunday but:
Tech acts well. Internet acts well. Beta acts well but:
JUST WATCHING FINANCIALS. They rallied up a little bit this week but the pattern, to our eyes, is suspect. It looks like a topping process. Bad break, rally up into resistance (which was support) and moving averages and than make a lower high rolling over again. The lower high has not been made yet but one decent down day from here will take care of that. Next Friday starts the FINANCIALS earning’s free-for-all. We are in hopes the reaction is positive. We continue to highlight this area because it has led since the election.