sector rotation to transportation and financial stocks
We saw on Friday the nasdaq declining while the Russell was pretty strong.
I think the narrative for the next 2-3 weeks will be that financial and transportations stocks outperform tech stocks .
We can see on the chart how the bottom has formed and that these stocks will now catch up.
I see continuation and strength on these stocks while the nasdaq takes a pause .
I think the narrative for the next 2-3 weeks will be that financial and transportations stocks outperform tech stocks .
We can see on the chart how the bottom has formed and that these stocks will now catch up.
I see continuation and strength on these stocks while the nasdaq takes a pause .
Note
As a spread idea for the next 2-3 weeks , would also be to buy Russell futures and sell Nasdaq futures
What is your business plan ?
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What is your business plan ?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.