Speaking of XLC

The XLC trade has been a loser thus far because META and NFLX are very weak. I think this sector is ripe for a squeeze for this reason, but also worth watching for reshorting if it doesn't find any strength aside from a squeezy rally. I still expect both META and NFLX will see crazy gains on squeezes. They're both "at the starting line" here should the Nasdaq extend its gains. If not now, maybe in a week, or two. I have been in and out of both on short-term options looking to catch that squeeze. Their options are both far more liquid than XLC.