It is clear the the Cumulative Tick doesn't show any positive sign here, but the NQ8 sector displays a positive divergence. This indicates that mammoth stocks attract money that is leaving the fixed income sectors.
The 10Y rates continued to push higher, which is the reason behind the sell-off.
However, some sectors seem to be attracting money, such as the PM and health related sectors, especially the biotech stocks.
The Yield comparative chart still displays the horizontal Green and Red lines dropping lower. The horizontal Red line tells where a bounce would stop in terms of comparative valuation: around $3850-$3900 on the $SPX.
Conclusions:
Now is the time to buy, but the upside is relatively limited here.
Below is the list of stocks that seem to be interesting. Those in Yellow are from the health sector.
