This is a question that was posted on Twitter yesterday by my friend Ian. My response of “Face Ripper” is only half a joke. If we are just looking at the S&P 500, the technology sector makes up 25% of the market. Ian’s point is that the market has been strong while the technology sector has not gone anywhere for the past three months. What if technology stocks (think Apple, Microsoft, Intel) begin to move higher also? Well, if the market can hold up when 25% of it is simply spinning it’s wheels for three months we could see a big move to the upside if tech decides to join the party. In fact it could happen fairly quickly, hence “face ripper.” Here is the ETF that tracks the technology sector (XLK) with one last hurdle to jump before reaching new all-time highs.
What if Technology Breaks Out?
What if Technology Breaks Out?
What if Technology Breaks Out?
This is a question that was posted on Twitter yesterday by my friend Ian. My response of “Face Ripper” is only half a joke. If we are just looking at the S&P 500, the technology sector makes up 25% of the market. Ian’s point is that the market has been strong while the technology sector has not gone anywhere for the past three months. What if technology stocks (think Apple, Microsoft, Intel) begin to move higher also? Well, if the market can hold up when 25% of it is simply spinning it’s wheels for three months we could see a big move to the upside if tech decides to join the party. In fact it could happen fairly quickly, hence “face ripper.” Here is the ETF that tracks the technology sector (XLK) with one last hurdle to jump before reaching new all-time highs.