STOCK MARKET GENERALS MARCH ON LEAVING THE SOLDIERS BEHIND
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Generals Leave Soldiers Behind
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- QQQ is dominated by large-cap tech stocks such as AAPL, AMZN, GOOG, MSFT, and FB. QQQ is cap-weighted.
- The chart shows that for the period shown, QQQ has moved up 14.12%. Equal weighted QQQ (QQEW) has moved up only 10.04%.
- The chart shows that S&P 500 ETF (SPY) has moved up 7.76% but equal-weighted S&P 500 ETF (RSP) moved up 3.11%.
- QQQ represents the generals in the battle between the bulls and the bears.
August 31, 2021