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.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out