Nothing but new highs in Tech vs Financials... Not likely to see a reversal in the trend of growth over value if this ratio keeps trending higher. $XLK > $XLF
Click the related idea link to see our long term chart of Broker-Dealers & Exchanges. This important and leading subsector is now trapped beneath significant overhead supply So are Banks, both of which are dragging on $XLF itself. Meanwhile, Tech and many of its subsector groups are getting awfully close to retesting their all-time highs.
Basically, we're seeing no evidence of this trend reversing, we're seeing just the opposite.
Click the related idea link to see our long term chart of Broker-Dealers & Exchanges. This important and leading subsector is now trapped beneath significant overhead supply So are Banks, both of which are dragging on $XLF itself. Meanwhile, Tech and many of its subsector groups are getting awfully close to retesting their all-time highs.
Basically, we're seeing no evidence of this trend reversing, we're seeing just the opposite.
