Tale Of The Tape

Fighting out the red corner former champions $NFLX $CMG $AMZN $TSLA $PCLN $FB $XBI $QQQ, professional record; down 11% as a group since March .

Weighing out the blue corner the new leaders $DIA $MSFT $CSCO $JNJ $PG $IBM, professional record; up 3.1% since March.

old_lea

newle

Some view this as plain simple rotation, and that might be the case.  However for the 1st time in a long time we are actually seeing follow through selling on the growth names.  In the past we saw initial selling and then they just went on to new highs, but recently they have sold off, bounced a little and were met with even more selling.  I for one have never been a big fan of a market that’s led by the old stogies because normally that does not last to long and eventually they will come under pressure as well with the overall market.

Sign Up For Free Updates

Zor Capital LLC is a New York based investment management firm, founded in 2011. Our goal is superior performance, with preservation of capital as our number one priority. Zor Capital manages separate accounts (both taxable and retirement) for accredited investors and institutions. This structure gives clients access to a hedge fund like strategy while maintaining 100% control of their accounts. Managed Assets


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.


blog comments powered by Disqus