Volume is coming in like crazy today in a lot of tech names.  We’re seeing huge reversals across the board.  Many momo names are all showing signs they want to rest.

NVDA gapping like crazy and reversing lower today

nvda

Tesla is already 10 points off the high

tsla

XLK potentially (we haven’t closed yet) forming a bear engulfing day

xlk

Apple, Google, Amazon are all breaking consolidations lower

goog

Meanwhile, energy, healthcare and financials are near the high of the day.  This sell-off is highly contained and concentrated, at least so far.

If it stays that way, it’s a good sign for the overall market.

Trade ’em well.