Kind of an embarrassing week really with new all-time highs being seen in some markets and stocks, but I took a hit.

I was more focused on the pharma and biotech stocks and they were hit hard but did come back and still look set up for higher.

Usually, when we see the S&P moving so strongly it’s hard to lose, but I am down this past week and I’m honestly still a bit shook up and confused by it. There is a definite sector rotation going on now into infrastructure and transportation stocks and I’ve not yet jumped on board.

It’s not much fun being down in such a strong market and not what I’m used to. I’m usually pretty good about getting into the right sectors and stocks at the right time so I’ve got a lot of reflection and work to get done this weekend so this doesn’t happen again.

The good news is lots of stocks are set up to move and many more are very close and I plan to be in the best ones.

There is no stopping SPY yet as it continues to mark new all-time highs on a daily basis. We are overbought and starting to turn lower on the indicator I use, although it’s not yet showing in this SPY chart.