Late-Stage Waves

The clear rotation this morning down away from "FANG" plays and the general Nasdaq Composite Index towards banks, brokers, insurers, and retail stocks smacks of late-stage bull market rotations. 

When we think of "late-stage" moves, in may conjure up a variety of scenarios, though. Those who have been rooting for a market top will look for an imminent end to the bull run, whereas many others will expect at least a few more innings to play out first before we see the entire tape come in. 

Either way, the entire financial complex, plus retail and transports, are benefitting from this glaring rotation. 

As for fresh ideas and setups, an insurer like Chubb (CB) has my eye, not yet extended on its clean daily chart, below.