Since December 26th 2018 the boom in Software sector has been fantastic. The software sector and industry groups have been fantastic so far.
Let’s look at the following chart.
So till wednesday it grew around 32 % !
they have been sell offs on March 4th and March 22nd and then yesterday April 4th 2019. But yesterday’s sell off was different.
On March 4th and 22nd there was market wide sell off. But yesterday there was just unloading of the top performing software stocks by Institutions for other pastures.!
lets look at 3 months performance of the sectors
Information technology sector – went up 28.3% in three months – the next nearest one Industrials was about 6 % points below it. The sector went down by 0.44 %. an insignificant amount.
look at yesterday’s performance of Industry groups within Information technology Sector
So all is well so far when it comes to non Computer sector/Software sector
i am still long on TQQQ and NQM19