Dangerous to make a broader tech call, need to go into industry groups: Renaissance Macro's deGraaf

Here to break down the chart in crude is Renaissance Macros's Jeff Degraphth. It's good to see you. Welcome back.Thanks, Scott. I mean, a remarkable trade when you consider what people were worried about and then in a couple of days how the reversal has taken place. It's pretty stunning.Yeah, it certainly is. Um, look, you had an overbought condition. Um, that overbought condition was driven by obviously fear and sentiment, but that was taking place in the whole context of a downtrend. And that downtrend's ...