Is a Market Shift Occurring?

Wednesday's market action has revealed an interesting underlying theme. It appears that a number of momentum names are sharply lower, while a number of laggard are significantly higher.

This action could suggest a broad portfolio shift among institutional players.

Whether this is a temporary shift, or part of something bigger and longer term remains to be seen.

Recent winners that are lower:
OpenTable, Inc. (Nasdaq: OPEN) Down 4%
Baidu, Inc. (Nasdaq: BIDU) Down 3%
PotashCorp (NYSE: POT) Down 2%
Salesforce.com (NYSE: CRM) 1.8%
priceline.com Incorporated (Nasdaq: PCLN) Down 1.7%
Lululemon Athletica Inc. (Nasdaq: LULU) Down 1.5%
Amazon.com Inc. (Nasdaq: AMZN) Down 1.3%
Caterpillar Inc. (NYSE: CAT) down 1.2%
Chipotle Mexican Grill, Inc. (NYSE: CMG) Down 1%
Netflix, Inc. (Nasdaq: NFLX) Down 1%

Recent losers that are higher:
Cisco Systems, Inc. (Nasdaq: CSCO) +5.2%
Best Buy Co. Inc. (NYSE: BBY) +4.3%
Nokia Corporation (NYSE: NOK) +3%
Research In Motion Limited (Nasdaq: RIMM) +2.4%
Bank of America Corporation (NYSE: BAC) +2%
Microsoft Corporation (Nasdaq: MSFT) +1.6%
Intel Corporation (Nasdaq: INTC) +1%
General Electric Co. (NYSE: GE) +1%

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