$SPY hit the 8D $QQQ almost to the 21D... $VIX doing nothing
The unwind continues. S&P 500 Equal Weight $RSP keeps going up this morning while the Nasdaq 100 $QQQ keeps trending down. RSP now up 0.9% vs. a drop of 0.7% for QQQ>
Seeing a rotation out of tech so far today 🤔 $SPX $SPY https://t.co/yp3dw7VfB9
U.S. equities showed a marked rotation out of large-cap technology and into the broader market in midday trading on Tuesday. The Nasdaq-100 tracker QQQ fell about 0.7%, while the equal-weight S&P 500 fund RSP gained 0.9%, indicating strength in previously lagging sectors. The benchmark S&P 500 ETF SPY edged 0.1% higher, supported by a 0.5% advance in the blue-chip Dow Jones Industrial Average ETF DIA and a 0.3% rise in the small-cap Russell 2000 ETF IWM. NYSE up-volume accounted for roughly 60% of total turnover, underscoring breadth outside the megacap tech complex. Volatility gauges were largely unchanged, suggesting investors view the sector rotation as orderly rather than a sign of broader risk aversion.
