IS there a Leadership Change Looming?…

One key factor in the long stretch of the NASDAQ 100 leadership of the bull market in terms of price can be viewed by the ratio of RUT vs NDQ. Lately it has seemed to be in danger of losing that leadership position. To keep that leadership position NDQ needs to close above 20,453 with the RUT/NDQ ratio under 0.1106. Friday we saw 20,035 with the ratio at 0.1104.