Sector rotation! The NASDAQ keeps trading lower, with the S&P 500 now working in correlation with the NASDAQ, while the Dow is trading higher in conjunction with the transportation index. This clearly indicates specific sectors being sold while others are now be in bought. Biotech’s continue to maintain strength. Oil stocks are trading lower. Have both long and short positions in the portfolio.
March 18th Daily Market Comments
Sector rotation! The NASDAQ keeps trading lower, with the S&P 500 now working in correlation with the NASDAQ, while the Dow is trading higher in conjunction with the transportation index. This clearly indicates specific sectors being sold while others are now be in bought. Biotech’s continue to maintain strength. Oil stocks are trading lower. Have both long and short positions in the portfolio.