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VIX surges and tech sector underperforms, Chris Ciovacco notes

VIX surges and tech sector underperforms, Chris Ciovacco notes
VIX gains double digits as tech lags

VIX rose by double digits as the AI and technology sector showed weakness, while NYSE advancers outpaced decliners and both RSP and JNK were green during intraday trading.

Chris Ciovacco reported these market developments, noting that the 4 p.m. close would provide further clarity.

Ciovacco recently noted that a hypothetical pullback in the S&P 500 to its 200-day moving average would represent a 7.10% decline, according to his analysis at Ciovacco Capital. He has also grouped stocks by performance and risk, outlining classifications as the good, the bad, and the ugly with supporting charts in a separate review at this report. Both developments add context to his ongoing coverage of intraday sector moves.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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