Slowly, but not so surely, the market seems to be continue to "fracture." Why do I believe this? Simply because my method of picking large quantities of individual stocks (as opposed to two or three very large ETF positions) seems to be starting to go my way.
At least one stock a day seems to be "blowing up" right now. Today's is DeVry (DV), shown below. Indeed, the entire for-profit sector seems to be pretty tradeable these days (I am also short WPO which, in spite of being the Washington Post, is by and large a for-profit education stock). DV and WPO are down about 15% and 8%, respectively, this morning. It affirms for me the usefulness of "gap fill" trades, since DV clawed its way quite nicely back to a gap fill as recently as last Thursday.
