Whelp, here we are. It looks like I was right. Since July 13th, this was RTY's time to shine.
While the FOMOers and Robinhooders were chasing the tech hype in NQ, institutions resumed their distribution within the NQ. Institutions were selling tech shares and taking advantage of the tech hype. The settled cash was then used to invest in non-tech stocks that are vital to the economy such as transportation, financials, and utilities. I'm not going to judge them. I would've done the same thing. You can't build an economy if you have no bank account, no shipping, and no electricity or waste management.
What sectors make up a large part of the RTY? Transportation, financials, utilities, industrial, and energy - the non-tech stocks.
While amateur traders were chasing the tech hype, the NQ only gained nearly 8% since July 13th. The RTY gained nearly 14% since July 13th.
This is why traders should never limit themselves to just one index or one sector. They just missed better opportunities out there.
While the FOMOers and Robinhooders were chasing the tech hype in NQ, institutions resumed their distribution within the NQ. Institutions were selling tech shares and taking advantage of the tech hype. The settled cash was then used to invest in non-tech stocks that are vital to the economy such as transportation, financials, and utilities. I'm not going to judge them. I would've done the same thing. You can't build an economy if you have no bank account, no shipping, and no electricity or waste management.
What sectors make up a large part of the RTY? Transportation, financials, utilities, industrial, and energy - the non-tech stocks.
While amateur traders were chasing the tech hype, the NQ only gained nearly 8% since July 13th. The RTY gained nearly 14% since July 13th.
This is why traders should never limit themselves to just one index or one sector. They just missed better opportunities out there.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.