Whelp, here we are. It looks like I was right. Since July 13th, this was RTY's time to shine.
While the FOMOers and Robinhooders were chasing the tech hype in NQ, institutions resumed their distribution within the NQ. Institutions were selling tech shares and taking advantage of the tech hype. The settled cash was then used to invest in non-tech stocks that are vital to the economy such as transportation, financials, and utilities. I'm not going to judge them. I would've done the same thing. You can't build an economy if you have no bank account, no shipping, and no electricity or waste management.
What sectors make up a large part of the RTY? Transportation, financials, utilities, industrial, and energy - the non-tech stocks.
While amateur traders were chasing the tech hype, the NQ only gained nearly 8% since July 13th. The RTY gained nearly 14% since July 13th.
This is why traders should never limit themselves to just one index or one sector. They just missed better opportunities out there.
While the FOMOers and Robinhooders were chasing the tech hype in NQ, institutions resumed their distribution within the NQ. Institutions were selling tech shares and taking advantage of the tech hype. The settled cash was then used to invest in non-tech stocks that are vital to the economy such as transportation, financials, and utilities. I'm not going to judge them. I would've done the same thing. You can't build an economy if you have no bank account, no shipping, and no electricity or waste management.
What sectors make up a large part of the RTY? Transportation, financials, utilities, industrial, and energy - the non-tech stocks.
While amateur traders were chasing the tech hype, the NQ only gained nearly 8% since July 13th. The RTY gained nearly 14% since July 13th.
This is why traders should never limit themselves to just one index or one sector. They just missed better opportunities out there.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.