Notice how despite last week’s drop, DIA continues to push upwards. I still don’t think this is a good price level to buy at if you plan to hold for a year or more.
Technology stocks surged over 4% this week, which you can see in the weekly chart of QQQ above. I think QQQ will outperform relative to the DIA, so a possible trade would be to short DIA, and simultaneously buy QQQ.
See you next week!