With the Nasdaq down 1.56% intraday, and the NDX 100 off more than 2%, its time to revisit the issue of sector selection.
We noted earlier this week that Big Cap Tech Continues to Disappoint; Here’s a graphic representation of that:
Nasdaq 100 (QQQQ)
Which of these charts is treating your money better? Again, I am forced to ask why guess? Why not wait until big cap tech reveals itself?
John Roque, the excellent Technical Analyst out of Natexis Bleichroeder, uses the following chart to explain that not only is Big Cap Tech not the place NOT to be, but the move against it may only accelerate:
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.