The Next Big Market Rotation

Some Key Charts To Watch

Having spent the last 10 days on vacation in Asia and having also watched Godzilla Minus One, I’m feeling a little Godzilla inspired this week, so apologies for the really bad pun coming your way in the next 5 seconds, but I have a few “monster” charts prepared for you this week.

If you subscribe beyond the paywall, I have some solid looking trade ideas to consider for next week and as always, I hope they’ll serve you well.

But lets start with the broader market.

I think we all understand that over the last few weeks, the mega cap tech game has been the only real game in town.

The market (as a whole) has been chopping and churning within a sideways range, which the NYSE Composite shows well and it’s also worth noting it’s also -0.5% so far in June.

NYSE Composite Index (NYA)

My chart for the Q’s hasn’t changed over the last few weeks, I’m still working with $500ish as the upside objective but I’m also seeing some small signs of a potential catch up trade, which I’ll be covering beyond the paywall also.

Invesco QQQ Trust (QQQ)