Big Winners Drive Technology Outperformance

Originally published in Charting the Market 7/27/07

People love tech stocks right now, and are even pitching them as hiding places for a turbulent tape. But a perusal of our chart might convince you otherwise. Tech has been leading the charge, and if invest through your rear view mirror, you might finally be catching on. Financials (XLF) are now as out of favor as technology stocks were during last summers sell-off. There is a tough trade out there, and it ain’t piling on tech.

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