With the Nasdaq down 1.56% intraday, and the NDX 100 off more than 2%, its time to revisit the issue of sector selection.
We noted earlier this week that Big Cap Tech Continues to Disappoint; Here’s a graphic representation of that:
Nasdaq 100 (QQQQ)
Which of these charts is treating your money better? Again, I am forced to ask why guess? Why not wait until big cap tech reveals itself?
John Roque, the excellent Technical Analyst out of Natexis Bleichroeder, uses the following chart to explain that not only is Big Cap Tech not the place NOT to be, but the move against it may only accelerate: