One group of tech stocks could be key to the next leg of the market rally

n" on Thursday. "And then it rallied twice as much as the rest of the market the first half of last year, and then led the whole market higher in the first two months of the rebound in March."

Since March, he added, its rise has slowed and it was underperforming through May and June. However, this week's breakout where the SMH ETF made a "higher high" looks "very bullish," Maley said. "This is kind of showing that the tech rally is starting to broaden out a little bit. If that can continue, I think it's going to be very good for the overall market as well," he said.

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After that 41% ‘moonshot’ for stocks, here’s what one strategist is telling investors to do nextDon't fight the Fed, but don't chase this market, one strategist said. “After that 41% moonshot for equities, I don’t think this is a market you should chase, it’s also not a market that should be aggressively sold.' The market is a sham right now; has no grounding in reality. legallybae legallybae it's actualy agressively* So anothetherwards don’t buy or sell, got it!
Source: MarketWatch - 🏆 3. / 97 Read more »