FreeQQQ4 min read
QQQ: the rotation under the surface
QQQ
Delayed
SPY
Delayed
IWM
Delayed
The thesis
Index strength is masking deteriorating breadth — fewer names are doing the work.
Factor rotation is quietly repricing leadership; the headline level hides it.
What I'm watching
- VIX term structure
- VIX term structure
- A clean move through the level I flag below
Positioning
Long on QQQ, 1-3 weeks horizon. Conviction: Medium. A breadth thrust would flip the thesis; I respect it.
Opinion, not investment advice. The author may or may not hold positions discussed.
Opinion. The author may or may not hold positions discussed. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Past performance is not a reliable indicator of future results.
Comments
1 commentThis lines up with what I'm seeing in the QQQ tape.