The divergence in the market indices continues to be the story with the QQQ under pressure while the SPY and DJX are hitting new highs.
There is no shortage of great looking charts...
The rotational market continues with money flowing out of last years big tech winners and into value names and inflationary hedges such as metals, oils, steels, and commodities.
From the watchlist...
Another day of heavy selling the QQQ while the SPY struggled to finish slightly green. Banks, steels, and oil names continued to outperform. FCX and CVS were the big winners from the...
More selloff in the QQQ and SPY while the DIA finished green. Will be watching for a wash into the 50ma for a bounce in the QQQ. Meanwhile the hot sectors continue to be steel, commodities,...
