Tech sector showing weakness despite gains on election day
When comparing tech focused ETFs/indexes, namely 
NDAQ and 
XLK, we can see that 
SPY has recently been outperforming them. My theory is that this is an unusual case and a sign that tech stocks are near tops.
Given that I did not receive the dip I wanted, I have difficulty putting on a short position on tech. There is also the factor that the highs have not been truly swept yet.
Just something to keep an eye on.
NDAQ/SPY
XLK/SPY
For options plays, it would appear leaps forNDAQ would be ideal, while short term plays on XLK would work out. NDAQ is quite illiquid.
NDAQ and XLK, we can see that SPY has recently been outperforming them. My theory is that this is an unusual case and a sign that tech stocks are near tops.Given that I did not receive the dip I wanted, I have difficulty putting on a short position on tech. There is also the factor that the highs have not been truly swept yet.
Just something to keep an eye on.
NDAQ/
SPYXLK/
SPYFor options plays, it would appear leaps for
NDAQ would be ideal, while short term plays on XLK would work out. NDAQ is quite illiquid. 
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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.