Tech stocks are under great selling pressure. A quarter end is coming up and fund managers are probably trimming their positions in the technology sector simply because they don't want to show big tech weights at the end of their reporting period.
The banks had some great moves last week and so we're just seeing a little bit of consolidation.
The great stocks, they're reporting wonderful earnings, but can it get better from here? The stocks are starting to get to a level where lots of positive expectations are already priced in.