Technology stocks have been ripping the last few months. Giddy up!
Obviously, we are all doing things a bit different than just a few short years ago.
We take pictures with our phone.
We count our steps with a bracelet.
We communicate via video…with our phone.
And on and on.
Current recommended portfolio has been overweight Tech. Continue to hold.
QQQ is running into resistance; the high price print in March 2000, 120.50 (purple horizontal line on monthly price chart).
Powershares Tech ETF (QQQ) monthly
Is this where Murphy’s Law intersects with Moore’s Law?
Probably not.
Giddy up Tech!
Trade Smart,
Don Roth