Nasdaq not leading today something to take notice of.Early this morning looked like an ugly day as European stocks were being sold with both hands,Dax and Spoos broke below significant support level and we were off ,looses of close to 2% for spoos, dax close to 3% Reason or Catalyst China U.S. rhetoric is one possibility, 2 minute chart below CNH & Spoos notice inverse correlation
Twitter-verse talking the Value vs Growth relationship once again and today we see a bit of the Value bid vs growth as Nasdaq your laggard vs Spoos and Dow. Below chart of the Russell value vs growth stocks ratio,looks like a bottom is formed at the all time lows but cant say that with any certainty as time will tell,obviously.
When was the last time you saw these 2 sectors leading the operation higher?
