Momentum Monday - A Rally Continues And The $QQQ over $SPY Remains The Winning Investment.
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As always, Ivanhoff and I toured the markets looking for momentum. It continues right now in the $QQQ and partucularly Microsoft. In the chart below you can see that Apple and Microsoft now are a combined 14 percent (record) of thr S&P 500.
You can watch this weeks episode of Momentum Monday and lasts weeks episode of Trends with Friends on my YouTube. It is easy to subscribe and if you do every Sunday you will get an alert when we post the show.
Riley’s ‘Price and Popularity’ Lists:
Here’s Riley’s screen that tracks new 52-week highs and lows sorted by the total followers on Stocktwits. For those unfamiliar, here’s the gist,
In uptrending markets the least followed stocks with the highest relative strength are most interesting to me.
In downtrending markets, the most followed stocks with the weakest price relative strength are most interesting to me.
Riley shared a few words on this week’s results…
Here are Ivanhoff’s thoughts:
Have a great week.
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