Markets sold off again Wednesday, closing right on the S&P 500's 50-day moving average (50-DMA). While the index is still riding its underlying support line and working off an overbought condition, the momentum trade has largely been wrung out. Despite the turbulence, the broader uptrend remains intact—just with a lot more internal rotation. Wednesday's damage was concentrated in mega-cap momentum and "growth leadership," while much of the rest of the market held up better. That matters because Value vs. Growth has become increasingly overextended over the last several sessions—conditions that often precede a mean-reversion move and create rotation trade opportunities. The NASDAQ is also telling a different story. It's broken down through the 20-, 50-, and 100-day moving averages during a consolidating/topping process and remains on a sell signal. However, after the persistent selling in Technology, the index is now extremely oversold. Historically, oversold extremes have often aligned with short-term bottoms and tradable reflex rallies—even if the bigger-picture backdrop stays choppy. Bottom line: a rotation back from Value into Growth over the coming days and weeks wouldn't be surprising. As investors, the goal isn't to chase what worked yesterday, but to watch for setups where price has moved too far, too fast—and where improving risk/reward can favor disciplined entries, position sizing, and clear stop/target levels. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Register for our next Candid Coffee, 2/21/26: https://streamyard.com/watch/Wq3Yvn9ny5GV --- Watch the Video version of this report on our YouTube channel: https://youtu.be/IKsm6U2CK8w --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #MarketRotation #SP500 #NASDAQ #TechnicalAnalysis