The rally off the lows from last week in the stock market…and especially in the tech sector…has been an impressive one. However, it still needs to see more upside follow-through…especially since the NDX is acting to a similar way to what took place at the top in 2000.
If this bounce CAN hold…and signal that the worst of the recent decline in the tech sector is behind us, some other groups should come along for the ride. One of them is the financial sector…and one stock in that sector looks particularly good on the technical side of things right now.
