Like anyone else with half a brain and an once of honesty, we wouldn’t begin to dare to predict where the market will be by this time next week. So we look for some relative stability - not so much trying to eek out any substantive divergence in correlation, more to put our eggs in baskets that stand less chance of being overturned.

As you can see from the chart, the NDX (Nasdaq 100) performed basically the same as the SPX (S&P 500) during the recent unpleasantness. But tech is still stronger on the year, and more importantly, the Nasdaq isn’t as vulnerable to the financial sector, which means that if you think that this credit/liquidity/mortgage/robber baron stuff isn’t completely over yet, you may want to take a look at tech.

Yes, thanks for asking, it is kind of weird to be calling “safe” the sector that gave us the dot-com bubble. In any event, we already have a trade open in QQQQ for our members.