The chart included here is of the performance ratio of the Nasdaq vs. the Dow Jones Industrial Average.
Since November, the Dow Jones has not only been outperforming the Nasdaq (and QQQ), but the Dow has been rising in price.
The forecast shown (dark red line) is a composite of leading economic exogenous data.
When the black line is rising, it indicates Wall St. is allocating funds toward Nasdaq (QQQ) listed stocks. When the black line is falling, the inverse is true – Wall St. is favoring the Dow.
