My solution for you today

The tech wreck... the tech crash... tech may never be the same... Going back to last year, phrases like that have dominated the mainstream media.

Don't Let This Stale Tech-Stock Story Fool You By Marc Chaikin, founder, Chaikin Analytics The tech wreck... the tech crash... tech may never be the same... Going back to last year, phrases like that have dominated the mainstream media. Now, we're in the midst of a banking crisis. And yet, it still connects back to the technology sector. Take a look at this recent headline from Fortune magazine... So I get it if you feel like investors no longer favor tech stocks. It's hard not to think that way with headlines like the one above floating around. Despite that, the market is taking a fundamentally different approach... In short, tech stocks are once again outperforming the broad market. And as I'll show you today, they've outperformed for longer than you probably realize. Even better, the Power Gauge is now confirming this trend. And history tells us that you'll pay a price if you choose to ignore it... Recommended Links: DOUBLE-Digit Yield Potential... TRIPLE-Digit Capital Gain Potential... Backed by LEGAL Guarantees. The fallout from the recent bank failures has barely begun. Recession risk remains high. Many will panic - but YOU don't need to. In short, there's a simple way to receive near-guaranteed income - legally owed to you - from outside the stock market. The last time we saw similar market conditions, you could have seen 772% gains. Click here to learn more. It's Time to Turn the Tables on Wall Street The top 1% grew their wealth by $7 trillion following the 2008 crisis... and made $1.7 million for every $1 YOU made during COVID. Now, it's playing out all over again. See their next move, here. Folks, the tech-heavy Nasdaq Composite Index dominates the benchmark S&P 500 Index over the long run. Its outperformance has been incredible since the financial crisis... Since stocks bottomed in March 2009, the Nasdaq is up roughly 820%. And the S&P 500 is up around 480%. The Nasdaq has nearly doubled the S&P 500 over that span. Despite that, the Nasdaq is more volatile. It can underperform just as significantly as it outperforms. And investors in the index have experienced major busts over the years... The latest bust – 2022's tech wreck – was especially painful. Investors who held on from the Nasdaq's peak in November 2021 through late December 2022 lost roughly 36%. That's a staggering loss, especially for investors who panicked out of the market and locked in those losses. So again, I understand if you feel like tech is simply a no-go right now. But the thing is... that avoid-at-all-costs mentality is out of line with the current data. Take a look... Since the start of the year, the Nasdaq has roundly beaten the S&P 500. It's up almost 12% over that span. Meanwhile, the S&P 500 is up around 3%. So you may not feel like tech is that great at the moment. But the data shows that the sector is soaring. And the Power Gauge sees the potential opportunity, too... The Technology Select Sector SPDR Fund (XLK) earns a "bullish" overall rating right now. That's our measure of tech stocks. Plus, XLK is performing even better than the Nasdaq. It's up roughly 15% this year. Today, 40 of the rated stocks in XLK earn a "bullish" or better rating from the Power Gauge. And only eight earn a "bearish" or worse rating. In fact, XLK is one of only two top-level sectors that has maintained its "bullish" rating throughout the most recent downturn. Put simply, the market can change direction faster than the popular narrative does. And right now, tech stocks are leading the charge. That's true even if some folks lead you to believe that tech may never be the same. Now, I'm not saying you should rush out and buy tech stocks indiscriminately... After all, 28 stocks in XLK alone sit in "neutral" territory. And don't forget about the nine stocks with a "bearish" or "very bearish" rating. With that said, the upward trend in tech is well-defined right now... The Power Gauge sees specific opportunities in this sector. And as you can see, some of those opportunities are producing serious gains so far this year. Don't let the stale narrative around tech stocks prevent you from seeing that. Good investing, Marc Chaikin Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 +1.17% 5 21 4 S&P 500 +1.73% 88 302 107 Nasdaq +2.64% 36 48 16 Small Caps +1.40% 0 0 0 Bonds -0.75% Information Technology +2.80% 40 28 8 — According to the Chaikin Power Bar, Large Cap stocks are more than Small Cap stocks. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Communication +4.77% Information Technology +3.95% Utilities +3.32% Discretionary +2.55% Health Care +1.94% Staples +1.65% Real Estate -0.56% Industrials -2.58% Materials -3.98% Financial -4.56% Energy -6.63% *  *  *  * Industry Focus Transportation Services 7 23 18 Over the past 6 months, the Transportation subsector (XTN) has underperformed the S&P 500 by -2.91%. Its Power Bar ratio, which measures future potential, is Weak, with more Bearish than Bullish stocks. It is currently ranked #15 of 21 subsectors and has moved down 7 slots over the past week. Indicative Stocks HTZ Hertz Global Holding TSP TuSimple Holdings In LUV Southwest Airlines C *  *  *  * Top Movers Gainers FRC +9.98% AMD +7.72% INTC +6.23% CMA +6.20% ADBE +5.90% Losers SEDG -6.81% NWL -3.61% DISH -3.54% DG -2.96% SCHW -2.80% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close FLO No earnings reporting today. Earnings Surprises FDX FedEx Corporation Q3 $3.41 Beat by $0.67 DG Dollar General Corporation Q4 $2.96 Met estimate TLS Telos Corporation Q4 $0.06 Beat by $0.07 *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at diansastroxz.forex@blogger.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2023 Chaikin Analytics, LLC. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Chaikin Analytics, LLC. 201 King Of Prussia Rd., Suite 650, Radnor, PA 19087. www.chaikinanalytics.com. Any brokers mentioned constitute a partial list of available brokers and is for your information only. 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