“The NDX remains the leader of the pack from a performance perspective. A breakout would be a positive for the Tech sector and could influence other markets U.S. markets in a positive way,” said Kimble.
Unfortunately, investors are missing out. Confirming that ETF inflows are not always an accurate gauge of performance, QQQ has bled $3 billion in assets this year. That after the ETF lost $11.2 billion in assets in 2014 while it gained 19.2%.
Tom Lydon’s clients own shares of Apple and QQQ.