SPY - Chart Link - the SPY and DIA have
hardly bounced off their lows, while the QQQ[s hae retraced most of
their decline - quite a divergence between the techs and
Dow/SPX
Yes, somewhat odd, in that a strong dollar favors tech, and so,
a weak dollar - like today - should have the 500 do better than the
QQQ. Markets are confusing when leadership and trends are changing.
FWIW.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
3 min index ETF's compare
Posted by matt on 8th of Aug 2013 at 11:35 am
SPY - Chart Link - the SPY and DIA have hardly bounced off their lows, while the QQQ[s hae retraced most of their decline - quite a divergence between the techs and Dow/SPX
That's a good observation. Thanks. My
Posted by limitless on 8th of Aug 2013 at 11:43 am
That's a good observation. Thanks.
My question now is. After this bounce,Which of the indexes and sectors has the most to fall (IF this is a major wave 4 down)? Thanks
well it's generally positive when
Posted by matt on 8th of Aug 2013 at 12:16 pm
well it's generally positive when the techs lead - QQQ's at intra day highs - straight up, straight down LOL
Yes, somewhat odd, in that
Posted by cubby on 8th of Aug 2013 at 12:01 pm
Yes, somewhat odd, in that a strong dollar favors tech, and so, a weak dollar - like today - should have the 500 do better than the QQQ. Markets are confusing when leadership and trends are changing. FWIW.