Tech is leading but the leadership in tech has been narrowing even further in the last month
Apple and Facebook shares are outperforming - while the rest of the FAANG - Amazon, Netflix and Google are under performing.
One possible trade is a to assume a return to the mean - ie the laggards pickup and/or the winners pullback
The other takeaway is that the market leadership is getting very narrow - ie there is low breadth - which can often foretell a drop in the market (S&P 500 / Nasdaq)
Apple and Facebook shares are outperforming - while the rest of the FAANG - Amazon, Netflix and Google are under performing.
One possible trade is a to assume a return to the mean - ie the laggards pickup and/or the winners pullback
The other takeaway is that the market leadership is getting very narrow - ie there is low breadth - which can often foretell a drop in the market (S&P 500 / Nasdaq)
