We continue to see “non believer” funds starting to flow into equities but not to any point where we need to be concerned yet .. Our HEDGEFUND EXPOSURE indicator finally has exited the “bullish zone” recently & we can see the BULL/BEAR indicator creep away from that coveted zone as well .. Pretty obvious that all of the funds that are coming into equities, are going into Nasdaq issues .. These red-hot, disruptive, new economy leaders have been scorching, and for good reason .. That’s where all the hot growth is & the fear of Covid only makes these businesses stronger .. The meltup scenario has already been well underway in these stocks as players have shown little interest in waiting for pullbacks or rotating into anything else .. Eventually these stocks will correct at some point but for now, this is where all the momentum, flow & strong price action resides .. As has been the recent playbook, look for tactical opps off aggressive buying in these names, especially into any weakness .. What I’ve been doing as well, is looking at under the radar smaller plays in these groups, which catch some sweeper activity ..