Nasdaq down 1.75%, small cap up .5%
Posted 02 October 2020 - 11:38 AM
Posted 02 October 2020 - 11:54 AM
Posted 02 October 2020 - 12:06 PM
At 1pm the SPX had net positive 200 issues. NYSE breadth maybe around 500 net positive. MID index really strong today.
Posted 02 October 2020 - 12:10 PM
Posted 02 October 2020 - 01:29 PM
one factor is that the Rut has never been cheaper that the Nasdaq - its bouncing off the rut / nas ratio low - going back decades ago
Posted 02 October 2020 - 03:36 PM
It's only happened a few times. Not enough to make a statement with conviction. Today was more extreme than previous occasions.
Posted 03 October 2020 - 12:16 PM
The simple answer is rotation... Tech Sector down, Dow was green for a good part of the day and small caps closed in the green with a bullish engulfing candle: