🔎 Technology Breaks Out

Yesterday we discussed the new target of 8,250 in the S&P 500 provided this break to all time highs hold.

We're looking at a very similar setup in Technology $XLK, which has just migrated near the top of our ETF rankings.

We're now looking at a fresh breakout in XLK.

This trend is extended in the short term, so we'd anticipate some backing and filling as it consolidates after this run; but looking ahead, it's difficult to now imagine the next major move won't be taking place to the upside.

The trend has reasserted itself firmly in the bull's territory.

We may be seeing the beginning stages of leadership changing in the ETF world; from growth, to cyclicals, to international outperformance. But it's not just going to be these ETFs that see the biggest gains.

It's going to be the individual stocks driving the moves underneath them.

And earnings season is when we find out exactly which names the market wants to reward.

Steve Strazza hosted a time sensitive investor briefing where he broke down the one signal his team uses to identify which stocks are about to make their biggest moves on earnings, and how to get in position before they happen.

As a bonus for signing up, you'll get a free copy of the latest Beat Quarterly, where we score every S&P 500 earnings report to show you where leadership is quietly rotating.

Click here to watch the replay of Steve's investor briefing.