QQQ Analogs - TINA lives!?
I just posted a bearish chart, here is one for the bulls
Everybody has noticed tech is getting a bid now that cyclicals are pulling back. While there have been recent massive flows into cyclicals, especially Financials & Energy, there have been outflows in Tech and Cathie Wood who back in December was considered god-like has taken her lumps
Adobe and Nvidia are recent breakouts of the big bases in FANMG+ stocks.
Another leg up in big cap tech while cyclicals flounder might mimic the Jan18 - Oct18 time period.
Something to consider before getting out the claws.
As always this is for entertainment purposes only.
Everybody has noticed tech is getting a bid now that cyclicals are pulling back. While there have been recent massive flows into cyclicals, especially Financials & Energy, there have been outflows in Tech and Cathie Wood who back in December was considered god-like has taken her lumps
Adobe and Nvidia are recent breakouts of the big bases in FANMG+ stocks.
Another leg up in big cap tech while cyclicals flounder might mimic the Jan18 - Oct18 time period.
Something to consider before getting out the claws.
As always this is for entertainment purposes only.
Penafian
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