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BallaJi
Mar 28, 2023 2:26 PM

#NASDAQ vs #DJIA has only been lower on the RSI 3 times!  Long

TVC:IXIC/TVC:DJI1M
IXIC/DJITVC

Description

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I wager #TECH is still the place to earn better gains going forward.

It also doesn't carry the risk of #Financials

and it is not dragged down by slow growth "stable" companies like utilities.

Bleeding edge has always been the place to grow your money

and with #AI manifesting itself for the next wave of user growth along with #CRYPTO

you need exsposure to network effects investments.

Comment

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11% outperformance :)

this is potentially setting us up for a HVF..
Where we could see the IXIC/DJI ratio get close to 0.75

Comment

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I believe we have triggered!
Trend AnalysisWave AnalysisFundamental AnalysisnasdaqTECHdjiaStocksAIqqqqNasdaq Composite Index CFDdowjones
Comments
RobBiddle
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Not sure this comparison is useful over time. Dow components change fairly often over time. Apple, Microsoft, Salesforce, Cisco, Intel, IBM are all components of DJI. Apple and Microsoft are the largest Dow components by Market Cap, and also the largest in NASDAQ. Neither of those were in the DJI in the previous time periods you've circled.
BallaJi
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@RobBiddle, true in a few decades the majority could be Tech companies. Until then the heavier growth weight of Nasdaq is still a factor.
Not to mention Nasdaq digital asset exchange once that launches!
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