We saw on Friday the nasdaq declining while the Russell was pretty strong. I think the narrative for the next 2-3 weeks will be that financial and transportations stocks outperform tech stocks . We can see on the chart how the bottom has formed and that these stocks will now catch up. I see continuation and strength on these stocks while the nasdaq takes a pause .
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As a spread idea for the next 2-3 weeks , would also be to buy Russell futures and sell Nasdaq futures