Are Sector Rotation & Leadership back to Tech & Growth Stocks? [Video]

Ming Jong Tey Independent Analyst

The chart below clearly showed Nasdaq has outperform while Dow is the weakest since 2 weeks ago.

Nasdaq, Dow Jones, S&P 500, Russell 2000

Rotation has been back to Tech/growth since around 2 weeks ago where I covered the bottomed out growth stocks in the post.

Having said that, it is too early to conclude if the leadership is back to tech/growth since it could just be catch up for them while “value” is getting a bit pricey…

Market Update

It is clear that NASDAQ has been very resilient last week during the broad market correction where it is the only index that closed slightly up (+ 0.35%) while the other 3 indices dropped 2–4.5%.

Having said that, not all tech stocks are bullish. Software (Ticker: IGV) and Internet (Ticker: FDN) sectors are the outperformers to focus on together with Solar (Ticker: Tan) and Clean Energy (PBW) sectors.

Watch the video below to find out the 3 stocks that are showing strength and flashing bullish signals for more upside ahead. Pay attention to how you can participate the up turn with simple breakout trading straetgy.

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Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

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