05/29
May 29, 2020, 12:19 pm EDT
Leadership Rotation
- Index leadership changes from Nasdaq to Dow Jones (QQQ vs DIA as shown) after May 26
- Short-term overbought: AAPL, GOOGL, FB, MSFT, AMZN, NVDA due for pullback
- Market bias type changes from offensive to either core or defensive
- Sector-wise industrial, financial, REIT and utility rising up
Trading opportunities could be short/put on technology (QQQ) and add positions on core / defensive sectors or industries.
