February 22, 2021, 9:20 am EST
Technology Lags Behind
Technology lags behind Dow Jones and S&P index since 02/16 as shown in the featured chart (QQQ-orange, SPY-red, DIA-blue).
AAPL, TSLA, FB, MSFT, ZM were weaker than many industries, financials, material, and energy stocks. Also, consumer discretionary stocks like RCL, CCL, NCLH, KSS belong to NYSE market.
It is important to watch if this trend persists this week. Because if overall markets are trending lower, this behavior could become a leading signal.