Rotation continues today and its all about those monster names.  There are three S&P 500 sectors higher today led by these names:

Communications

• Activision Blizzard (ATVI) and Alphabet/Google (GOOG/L)

Consumer Discretionary

• Amazon (AMZN), Tractor Supply (TSCO), Chipotle (CMG)

Technology

• Bio-Techne (TECH), Citrix (CTXS), ServiceNow (NOW), Adobe (ADBE)

The Nasdaq is the clear leader today, while the Dow has spent most of the day in the red.

Decliners are outpacing the advancers today, but new 52-week highs are still charging higher.

It is going to busy a week for earnings. Big names such as Intel (INTC), Microsoft (MSFT) and Tesla (TSLA) are among the companies set to report.

Covid-19 cases and potential economic stimulus is weighting on investors minds.  Treasury Secretary Mnuchin is expected to meet some key Republican Senators including Mitch McConnell to review a proposed $1 trillion package.  While a big number, it’s quite a bit smaller than the $3.5 trillion proposal from the Democrats. 

Let’s not force the issue this afternoon.