This weekly chart of S&P 500 Info Tech sector does not instill a lot of confidence. I do think the silver lining is the data companies out there that have kept up with the web three revolution. These companies and solutions will be depended on to weather any recession storms going into 2023. IBM, Oracle, etc. (HPQ also turning things around?)
After a recovery yesterday to the pre-Trump infection highs the US premarket today shows further strength up to a Major Resistance on the road towards pre-Tech correction levels.
Sentiment today will likely be cautiously positive (bolstered by on-target/positive jobs numbers), with traders waiting for the signal to buy, buy, buy.
Here are the signals that will...
Is technology back? It's the most expensive question being asked about the markets right now. We've had the downside but hope above the parallel channel is growing larger.
This analysis is mainly focused on the day traders and offers a short explanation of the current situation and strategies for a day trade on S5INFT via the TECL and TECS ETF pairs. Multiple...
