Jun. 1 at 7:06 PM
$QQQ look at
$QQQE and you’ll see market breadth is not thin. It’s pumping. Just as a small market breadth isn’t considered super healthy, turns out the opposite also can be not the healthiest. Just my two cents but, I feel like it means that as the larger names might be falling and more money is being poured into the speculative companies… to me, it’s reminiscent of the dot com bubble. I’ve not studied that part of the dot com bubble but I wouldn’t be surprised if that was a large component of the issue.