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Wednesday
Jun282017

2nd leg of 'Growth Momo" rout right on schedule - $QNET $NDX

A repeater so far with rebound and 2nd sell off anticpated post 1st leg selling (bottom chart-12th of June)

QNET - YPT Momo gauge

 

 

 

JUNE 12th

___________________________________________________________________________________________________________________________________

LAST MOMENTUM/ GROWTH ROUT POST ELECTION AND START OF OUR '17 'GROWTH CALL'

 

Exerpt

INTO THE TRADING WEEK, 5.12.16

The unwinds and rotational trends continued last week, notably as growth took a 2nd leg down...

A 2 week rebound unfolded after 1st sell off.  Most growth stocks including FANGS took a beating and were off 5-15% on the week as value outperformed growth. The NAS100 was off 2.65%...

The SP500 value to growth ratio has retraced 50% of the Value underperformance for the past 3 years and should stall out here and growth to stabilize.

Nasdaq 100 should help out by stabilizing at 4600-4700, SOX at a channel ~823. This should also coincide with consolidation in Financials/ Industrials in the near term and money to be used back in growth to close off the year.

The LT bull trend in growth is not going away due to a month of breath-taking rotation all over the marketplace.”


 NDX CHART

 

YPT Shadowlist of 80 stocks is tailored and fragmented (outperforming SECTORS, SMALL-MID CAPS, EARNINGS/ GROWTH (EPS) linked stocks, IBD 50, MOMENTUM STOCKS) to gauge single stock action and the broad underlying market for SP 500 direction to go long or short. New plays (stock/sector) are added, especially during earnings season.