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Back in April, the Nasdaq 100 (QQQ) was running hard while the S&P 500 (SPY) underperformed, making tech the obvious play.
But recently, QQQ turned volatile as the AI narrative faced fresh scrutiny. When the main driver of an index starts wobbling, the whole structure follows.
That is exactly why I shifted my day-trade setups to SPY. The difference has been night and day.
Honestly, I’m glad we made the pivot when we did. There were moments when holding QQQ a little longer might have worked out, but fighting that noise was frustrating.
It was a good reminder that the goal isn’t perfect market timing — it’s staying consistent.
Why SPY Moves More Predictably Right Now
The SPY, S&P 500 Equal Weight (RSP) and Russell 2000 (IWM) carry less concentrated tech exposure, meaning their movements aren’t dictated solely by the AI narrative.
Lately, they’ve shown steady, confident action — SPY has been highly resilient, IWM has caught a massive bid and RSP is holding solid.
This broad-market strength gives us much cleaner execution. That predictability is vital when managing quick entries and exits.
As an example, the SPY day trade I shared with Night Riders delivered around 20% returns, with some members pushing past 30% by holding a bit longer.
Compare that to QQQ, where the intraday swings have become erratic and follow-through is unreliable.
Looking Beyond AI for Stability
Avoiding the tech-heavy names doesn’t mean sitting on your hands.
Other sectors are stepping up to show independent strength. Software is a great example — iShares Expanded Tech-Software Sector ETF (IGV) has been moving beautifully.
These alternative themes round out our playbook so we aren’t overexposed to just one type of momentum.
This isn’t a forever decision. If QQQ settles down and the AI trade firms up, I’ll gladly look at it again. But right now, the broader market offers far better opportunities with less noise.
My job is to trade what’s working today, not what used to work yesterday. And right now, that’s SPY.
To better trading,
Alex Reid
WealthPin
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.Â
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Disclaimer: We develop tools and strategies to the best of our ability, but we can’t guarantee the future. There is always a risk of loss when past performance is not indicative of future results. The profits and performance shown are not typical, and you may lose money. Since the Alpha Flow Dashboard is a tool designed to help traders make informed trading decisions, results will vary by user, as there are multiple trades to choose from.Â
