Financial Sense – Rotation, SPY/QQQ Targets, Gold Stalls and BTC/QQQ Correlation
- Arthur Hill, CMT

These are the charts from my interview with Cris Sheridan and Financial Sense [1] on Friday, August 22nd. A correction and market rotation started in August as money moved out of tech groups and into defensive groups. QQQ and Nasdaq 100 are the dominant force in the market right now. As such, a correction in QQQ would weigh on SPY, and could affect Bitcoin because of the positive correlation. Even before this week’s decline, breadth was mediocre and narrow leadership. Small-caps held up well in August, but IWM remains a long-term laggard. And finally, gold is winding up with a bullish continuation pattern taking shape.
Recent Reports and Videos for Premium Members
- Trailing Stops for Breakouts in 11 Tech ETFs
- Healthcare Sets Up with Bull Flag after Breakout
- Stock Setups: AMD, CSCO, MSFT, COIN, HEI, ROK
- Gold/Silver Miners Go Parabolic
- Uranium and Copper Extend on Breakouts
- Click here to take a trial and gain full access. [2]
Recent Reports and Videos for Premium Members
- Trailing Stops for Breakouts in 11 Tech ETFs
- Healthcare Sets Up with Bull Flag after Breakout
- Stock Setups: AMD, CSCO, MSFT, COIN, HEI, ROK
- Gold/Silver Miners Go Parabolic
- Uranium and Copper Extend on Breakouts
- Click here to take a trial and gain full access. [2]