Well, maybe not.
But with the previously-leading utilities sector unwinding further, I wanted to point out the volume at the bottom of the sector ETF daily chart, below. After a straight-line higher march in 2013, the selling is heavy and steady dating back to late-last week. Note how it is increasing today.
Crowded trades, even for defensives, can unwind sharply. Perhaps this is more than a garden variety pullback…
_____________________________
