Best & worst performing sector / index......so far

This pullback has taken many by surprise, here is a list of how each sector has performed so far from recent highs to recent lows :

DOW        Down 2.52%

S&P 500  Down 2.82%

Nasdaq    Down 4.40%

TAN        Down 4.75%

Russell   Down 7.08%

SOX       Down 8.45%

XLE      Down 19.77%

I am sure most traders are surprised that Nasdaq is down only 4.40%, while individual stocks are down much more.....

Dow & S&P 500 have fared the best in this tough environment.

TAN which was leading all index / sectors is down 4.75%...even behind Nasdaq

Russell and SOX are among the weakest, that is where any exposure to small cap is reflecting in poor performance of many portfolios.

XLE down 19.77%......no surprise here as energy stocks have lagged this TAPE badly.

Moral of investing story is, it is better to stay diversified, where your gains or losses reflects your weighting.

Many are worried that earnings season is coming to an end, after which weakness may accelerate.

Only earnings i may be impacted is on Tuesday before open from MOMO......

Market is full of many surprise, when most expects it to go down, it goes UP.

Contrary investing / trading generally works, sell when euphoria setting in and buy when everyone is selling.

We may be @ a selling extreme now......

Good luck with your own interpretation of this TAPE and your comfort level.

BLOG does NOT give buy or sell.

Saleem