Kontoeidis1989

sector rotation to transportation and financial stocks

Long
IYT/QQQ  
IYT/QQQ  
We saw on Friday the nasdaq declining while the Russell was pretty strong.
I think the narrative for the next 2-3 weeks will be that financial and transportations stocks outperform tech stocks .
We can see on the chart how the bottom has formed and that these stocks will now catch up.
I see continuation and strength on these stocks while the nasdaq takes a pause .
Comment:
As a spread idea for the next 2-3 weeks , would also be to buy Russell futures and sell Nasdaq futures
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.