NextTrade1122

Blast from the Past IBB XLF QQQ SPY(1996-2002)

INDEX:BTK   Biotech Index
50 0 0
We've heard that financials have led this rally too new highs and we need financials to continue to run. It isn't until institutions need to find more yield and start investing in speculative areas such as IPOs and Biotech (this should sound very familiar). This run on financials and SPY             is amazing (scaled left) . Biotech and QQQ/COMP is just as impressive(scaled right). What happened after financials retested new highs and eventually underperforming biotech is what we should all fear most. This is the"dot com era", we shouldn't fear what tech is doing but how biotech has performed. Its about gaining more YIELD and outpeforming the previous year. We won't see a break in this market until biotech breaks. And my next chart is a tell tell sign of were i think we are. The correlation is pretty remarkable and shouldnt be ignored.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out