Over the last few weeks, the market has experienced severe volatility due to the Financial crisis, collapse in oil prices, and indexes getting slammed.
However, the Growth areas of the market ($QQQ) and in particular Tech and Communication names have held up strong.
$META, being one of the largest components of $XLC (along with $GOOG/$GOOGL), gapped up on ER...
The Energy sector is notoriously one of the last to roll over in a recessionary environment and the $XLE chart appears to be topping out right on queue.
After a euphoric run beginning in the middle of 2020, the Energy sector has stalled out creating a triple top near the $90 level.
With the break of the 200-day moving average, along with an accompanying bearish...
The last time Financials flipped Technologies was in 2000 which lead to six years straight of overperformance by the banking industry.
This is an important relationship to keep an eye on. These types of trends tend to stick for long periods of time and can lead to generational trades.
