Tech Is Consolidating And The Market’s Seeking New Leadership
Image Source: Unsplash
The tape tells the tale, just like it always does: The tech sector is clearly in consolidation mode right now.
Don’t get me wrong - I still like the price action I’m seeing there in the sector as tracked by, for instance, XLK, the Technology Select Sector SPDR ETF. But this means the market is now (or shortly will be) looking for a new leader.
My research has isolated a really promising candidate for that new leadership role: biotech.
There's no shortage of fantastic setups in this sector, and I've already started picking a few standouts.
Video Length: 00:08:23
More By This Author:
The Only Stock That Matters… And The Only Sector That CountsThe $5.5 Trillion Option Expiration Could Change Everything
Tech Tanks And The Flight To Safety Is On
Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...
more
Comments
