279 days ago
Inflows into global #tech #stocks are surging. $QQQ $TQQQ #trading
Global technology ETF and mutual funds had $3.768 bln worth of inflows last week, according to Goldman Sachs. From a contrarian perspective, this is particularly negative in the short-term. Adding to worries, the Nasdaq 100 is led by the strong performance of just a few stocks and is now in overbought territory, looking at the Relative Strength Indicator.