September 11, 2020, 11:33 am EDT
Tech Down, Material and Industrial Up
While technology stocks like Apple Inc (AAPL) keep going down, material and industrial stocks are getting upside power. MOS, DOW, CAT are up about 2-3% that shows money rotation from out-of-favor and overvalued stocks.
Overall, stock markets are still in a rebound phase. However, this rebound is very weak in terms of volume perspective. Thus, chances for breakdown follow-through, which means taking out the low this week, are highly possible. If it happens, it would open up full scale pullback or even downtrend.