Leadership Rotation


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.

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