The market is holding up better than I imagined 24 hours ago. With that said, there is a sense of caution mixed with opportunity.

Communication Services (XLC) and Technology (XLK) are leading the way, as Mag Seven's names look cheap.

The other sectors in the green are defensive.

Bottom Fishing

There is also a fair amount of bottom fishing in the software pond.

It’s a solid session where the bottom line is: money wants to stay in the market and not on the sidelines.