The Technicals for the Software Space

The big story going forward is what happens to Nvidia on numbers. If you lose Nvidia below the 50 day, it just reinforces the story that this is becoming more of a value market and less of a growth one. I lean more towards the value side of the equation. Slumber Jay made a new high today. Energy at 4.2% of a waiting in the S&P? I don't think so. You have a case where we're never going to see that waiting in the U.S. again.