1- we have narrowing leadership near pivots and they are going to frustrate for a bit chopping people up as general market goes down and these leaders eventually follow with market. The Fintwit talks about the same 5 stocks market I call it. Just a Chopfest. 

Or

2- we are in the bottoming process and leaders take off as other names bottom and/or come up right side of bases.

I have no clue. You can make the case for both.