Last week, investors poured more money into Russell 3000 Growth IWV sector to the tune of $387.9 million, increasing assets under management by 4.05%.  So, while there is legitimate debate over where money will go in 2019, and if value can surpass growth, the natural reaction when the market picks up steam is to get back into growth.

IWV top ten holdings

• MSFT
• AAPL
• AMZN
• BRK.A
• JNJ
• JPM
• GOOGL
• FB
• XOM

Right now financials are leading the way, but buyers are beginning to nibble across the board, as most of the selling is in utilities and healthcare.

The technology sector is under pressure as chip names have turned lower.

Although we’ve seen signs of life in the sector throughout the board market downturn of 2018, the Philadelphia Semiconductor Index continues its series of lower highs and lows.  Today, the sector is getting hit on negative comments coming out of Morgan Stanley on the industry in general and Micron (MU) in particular.

SOXX

Despite the sloppy start, and nagging concerns, the stage is set for the market to make a dash higher into the closing bell.  It would be impressive to make that happen without technology in the leadership mix.

Either way, I like the way the big spike back is consolidating.