Tech has been a source of strength in this week's choppy market, and big technology names could well be the leaders to take the market higher into the first quarter, technical analysts said.
In the tug of war between cyclicals and growth, tech has been winning lately. The sector is the top performer this week, with financials the only other major S&P sector showing some strength. TheChart analysts say the glidepath for a short-term rally still looks clear, and tech could help lead the S&P 500 to the 4,000 area, before a market correction in the first quarter.
With small/ no stimulus from government? Dream on
50% Risk Spreading In S&P500
All manipulete jp Morgan goldman blackrock bought all for rally of christmas. Big manipulator
The Fed will, not tech
I have said this numerous times before.
haha...yeah only 4000 because that's what $5tn buys you. These same 'analysts' would predict S&P500 to 1900 before long if JanetYellen goes for strong dollar policy and no one would throw a stone at their glass palaces...Its such an amazing ponzi scheme these US Markets..
There is also massive upside on bitcoin
wujessica