π Technology Rally is Off The Charts
π Daily ETF Overview
Yesterday we pointed out how the rate of change in the Nasdaq 100 is blowing out.
Today on our sector list, we can see the same story here with technology topping the table, across all large cap, small cap and equal weight ETFs.
The rate of change here in the equal weight technology fund, for instance, has blown out to near all time highs. These charts have gone vertical and the move we're seeing here is historic.
Generally speaking, these thrusts higher do produce conditions that lead to the persistence of these trends.
But shorter-term, many individual stocks have experienced major moves, so continuing to take profits and feed the ducks makes sense.
Last week, Louis Sykes went live to outline the largest story playing out in finance you're not being told about.
In this event, he demonstrated that $100 trillion of funds in the United States are about to move onto new technology. The last time financial markets experienced a major technological shift like this was back in the 1970s -- which the market still runs on today!
But this week, he did an encore.
Because he argues that the best trades from this major technological revolution will come from a $1 trillion IPO boom in the next three years, where dozens of companies are about to come to market.
If you want to see how Louis is positioning ahead of this major shift, you can watch the replay to his FREE investor briefing. In this session, he even included the names of some smaller companies that he thinks could benefit from this shift.
