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This chart from Steve Cortes of BGC shows that the FANGs (the TFANGs minus Tesla) are starting to approach a pivotal technical position and have begun to exhibit some erosion in relative performance:
Today's gains have been truly breathtaking. We've seen 5% to 10% rises in Acadia Pharmaceuticals (ACAD - Get Report) and Aerie Pharmaceuticals (AERI - Get Report) , while Cempr (CEMP) , Intrexon (XON - Get Report) , Portola Pharmaceuticals (PTLA - Get Report) and Sage Therapeutics (SAGE - Get Report) are all up around $3 a share or more.