"We have a slight bearish bias in this market because sector rotation, both in the U.S. and in Europe, shows that investors are moving back into defensive sectors," Valerie Gastaldy, head of technical analysis firm Day-By-Day, said.
"But we need price signals to call for a clear downtrend, and we do not have them yet."
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"We have a slight bearish bias in this market because sector rotation, both in the U.S. and in Europe, shows that investors are moving back into defensive sectors," Valerie Gastaldy, head of technical analysis firm Day-By-Day, said.
"But we need price signals to call for a clear downtrend, and we do not have them yet."