https://archive.theotrade.com/the-end-of-the-rally/ Where the Professionals Come to Trade Thu, 16 Apr 2020 06:33:32 +0000 hourly 1 https://wordpress.org/?v=7.0 https://archive.theotrade.com/the-end-of-the-rally/#comment-1564 Thu, 16 Apr 2020 06:33:32 +0000 https://archive.theotrade.com/?p=64289#comment-1564 I think a case can be made for tech and staples NOT being affected in the ways financials, builders and energy have. Difference between xlp and xly shows this clearly. Tech is keeping things happening right now, and people need staple items regardless of the economy. Amazon can’t keep up with demand, no brainer there (though I picked up 30 day puts today, as I do with any parabolic chart). Aapl is selling phones, cloud services... nflx is benefiting from everyone staying home...
I get the quant angle, but the fundamentals may win out on these. Gonna be interesting.

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