It’s been a much more cautious market today with a focus on oversold sectors and stocks like Energy and oil names.  I continue to harp on this idea, but this rally needs to broaden out to continue higher.  The caveat is that broadening cannot come at the expense of growth names, but they don’t have to lead the parade. 

Although Technology is struggling, within the sector, semiconductors act great with a number of companies hitting new highs:

• TSM
• TER
• KLAC
• LRCX
• NVDA
• ASML
• CDNS
• MRVL

And NCino (NCNO), a cloud banking company, began trading today and shares are up 150%.  Banking meets technology is probably where investors should be looking, and beyond traditional bank investments (this includes payments companies). 

Hoping the S&P 500 closes above 3,232 and that becomes the impetus for more aggressive investing.