PRE MARKET

The divergences widen. The good get gooder. The bad get badder.

Leadership remains with tech, internet, software, cloud and a slew of recent IPOs (most money losers) going en fuego. While there is half the market in bad shape, the worry is the charts of the big financials. So far, it is just vicious rotation. Go check charts of C, JPM, PNC, MS, BAC and others.

Quite interesting the bond market looks like it has bottomed as the fed raised rates on the short end.