As a likely bullish trend emerges this might be a good time to look at SPY vs QQQ.
QQQ is at new highs and is leading the SPY in relative momentum....which is characteristic of true rallies. We can further delve into the momentum forecast by looking at the current returns of our DN delta neutral platform using SSO/SDS versus QLD/QID. Interestingly, both have the same limit stop values but given the performance metrics...which one would you trade?
OK...the DN approach is the lazy man's trading strategy and SPY does have a couple % greater potential drawdown than QQQ but...QQQ has superior equity linearity and a edge in the near term.