On Friday the “other” stocks rallied and in a big way. . Both indices were large and in charge on Friday. That continues the quiet trend I have written about since the end of Q2.Let’s take a look at the Nasdaq 100 relative to the Russell 2000 and then the S&P 400.The chart below is one divided by the other. When the line is going up, the small caps are winning relative to the mega cap tech which is the AI trade. And vice versa when the line is declining. Overall since early July the small caps have won, but not in straight line fashion. Friday was a big day.(Click on image to enlarge)
Below are the mid caps versus mega cap tech. It is really the same thing.(Click on image to enlarge)
The question is now is will the trend continue.For those curious about owning small versus mid caps, here is the chart below. Small caps have won since July but it’s a bit sloppier.(Click on image to enlarge)
On Friday we bought QQQW, and . We sold and some .More By This Author:Market Still Poised To Move HigherPrice Poised For Upside – Not All Is StrongQ4 Setting Up For The Bulls – Buy Weakness
Small And Mid Cap Stocks Leading
