Every once in a while, it’s beneficial to take a step back and look at everything from a distance. When you do that, you can often see things you previously couldn’t, and you can find answers or insight that had been evading you.
I find that one of the best times to do this is when a minor change in the market gives us a chance to reset ourselves.
So, where are technology stocks right now?
Like I said, now is a good time to take a step back, so let’s take a look at the overall market. We can do this by referring to the trusty S&P 500, which serves as a representation of the overall market.
As we can see from this chart, the market was overdue for a healthy pullback before it recently obliged.
And that pullback has helped the technology industry in terms of relative strength. Just before the small market correction, tech stocks were struggling to keep up with the rest of the market.
However, the technology sector is now one of the strongest four industries. This jump to the upper half shows that tech stocks fared relatively well against the pullback.
Now, tech stocks seem to be poised to give a strong performance if and when the overall market surges upward once again.
Within the technology industry, the Internet information providers sector is currently one of the strongest. So as we prepare to jump back in after taking this big step back, we can utilize all of this valuable insight.
First, allow the overall market to lead the way. Second, find a strong industry—technology. Third, identify one of the more appealing sectors within technology, like Internet information providers. Lastly, search for stocks that are ready to explode into profits for us.
If you want this done for you, you can check your inbox for an invitation to join the Tech Stock Jackpot service.
