Post #2019 by rayvt on the Mechanical Investing board

Investment Strategies / Mechanical Investing ❤

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From a (subscription) writer at seekingalpha just now:

"The superlatives are getting ridiculous. The top 3 names in the market, Nvidia (NVDA), Microsoft (MSFT) and Apple (AAPL), make up 21.5% of the entire S&P 500. I'm already seeing a number of CEFs struggling to move up from here even as the S&P 500 (SPY) and NASDAQ-100 (QQQ) continue to dominate the ETF buy interest and make new all-time highs everyday it seems." He mentions DNP, YTD NAV up +2.5% but YTD price down -12.7%. "QQQX should be part of the what's working tier of stocks and funds with MSFT, AAPL and NVDA in its top 3 holdings. But something must be going on here when you still see selling in funds even when they own all the right names. The bottom line is that the signs of a top and a reversal are accumulating. I don't know what the trigger might be, but it's going to happen and when that happens, you will probably see a broader market pull back that should finally see ETFs like SPY, QQQ, XLK, and of course, NVDA, MSFT and AAPL pull back too. "

I think I need to stop reading debbie downers.

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