
ETF Report – QQQ Leads – MAGS Sets Up – Aero/Defense Pulls Back – Industrials Attempts Breakout
The weight of the evidence remains bullish for stocks (bull market). Large-caps (SPY, QQQ) are leading equal-weights, mid-caps and small-caps (RSP, MDY, IWM). QQQ is leading SPY because the former recorded a fresh 52-wk high last week. Several tech-related ETFs