The huge moves in stocks with the most momentum on any given day is a sign of an unhealthy market.
The IBB biotech ETF is testing a KEY resistance level. If it breaks above that level in any meaningful way, it's going to be VERY bullish for the group on a technical basis.
The momentum in the stock market is tremendous, and it's not just the tech stocks. However, bond yields are high and earnings ar NOT rising. So the risks are higher than normal.
It's not whether you're overweight Nvidia. It's whether you're overweight enough!
Tech is (rightfully) the #1 focus today. However, we're seeing a development in another sector that is signaling that it will outperform nicely in the months ahead.
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