Brooke Thackray: What's Happening with the S&P 500 and the Tech Sector

by Brooke Thackray, Research Analyst, Horizons ETFs

The S&P 500 has broken above 2400, a key resistance level, but has done so on declining volume. In addition the number of stocks trading above their 200 day moving average has declined, indicating narrowing of market breadth.

Technology sector is a market leader, outperforming the S&P 500 since 2013. Very often market leaders lead the stock market on the way up and then on the way down. The technology sector is often weak in June.

 

Copyright © Horizons ETFs

Total
0
Shares
Previous Article

Revisiting Buffett’s 1999 Warning: Interest Rates, Orgies, and Value

Next Article

China’s Steel Industry Shrinks to Grow More Efficient

Related Posts
Read More

Fear, greed and the myth of stock market highs

Markets are driven by fear and greed, with recent fears centered on the perceived perils of investing when markets have just reached an all-time high. Fundamental Equities Global CIO Tony DeSpirito suggests this concern may be overblown, with historical patterns showing that investing at market highs has had little to no impact on longer-run performance outcomes.
Subscribe to AdvisorAnalyst.com notifications
Watch. Listen. Read. Raise your average.