Momentum names tumbling again

|By:, SA News Editor

The DJIA (DIA -0.4%) is off only marginally, but the Nasdaq 100 (QQQ -1.4%) and Russell 2000 (IWM -1.8%) are again suffering sharp falls in mid-morning action. Hit particularly hard again is the biotech sector (IBB -3.4%), and money is flowing into consumer stapes (XLP +0.3%) and utilities (XLU +0.4%).

Biotech ETFs: IBB, XBI, BIB, BBH, FBT, PBE, BIS

Nasdaq ETFs: QQQ, PSQ, TQQQ, QID, SQQQ, QLD, QQEW, QQQE, QQXT, TNDQ

Small-cap ETFs: IWM, TZA, TNA, UWM, VB, IJR, SLY, RWJ, URTY, SCHA, TWM, RWM, SRTY, SAA, DWAS, VTWO, VIOO, SDD, JKJ, RSCO, SBB, FYX, XSLV, EWRS, TWOK, SMLV, PXSC