QQQ might bottom out vs SPY in early June

Key Takeaways

  • Tuesday reversed lower after SPX was unable to recapture 4000
  • QQQ might bottom out in early June vs SPY which would be bullish for Growth
  • Energy looks to be 2-3 weeks from peaking out vs. Technology
  • Credit spreads have widened a bit, yet LQD remains in larger downtrends vs JNK
Still no meaningful change in trend.   SPX failed to climb above 4000 and despite a sharp two-day rally from last Friday’s lows, there hasn’t been any progress in breaki...

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