Tech found footing yesterday, but we suspect that this rally is not going to get far. It would be tough to short tech here, but we don't recommend trusting the strength beyond just a few day's trading.
Meanwhile, money that was flowing strongly into tech over the last month now appears to be making its way into the manufacturing and metals sectors. Steel broke out with volume over the past two days and golds are moving up nicely as well.
No comments:
Post a Comment