2025: It's Still All About The Tech Stocks

There cannot be any "rotation" in the stock market if the big-cap tech stocks decline

• Since the “Santa Claus rally” runs until the second trading day of the New Year, it still might be a positive on this year. That said, no matter what happens over the next few days, the bond market…and especially the action in the tech stocks…will continue to determine the path for the stock market going forward.

• With this in mind, we wanted to start this year by looking at the charts on the key tech ETFs/indices…and provide the key support and resistance levels to watch over the coming days and weeks.