Sector Spotlight: Big Bases in Technology Support SPY
In this episode of StockCharts TV’s Sector Spotlight, I look at sector rotation while breaking down the universe into offensive, defensive, and sensitive sectors. I then zoom in on the groups that make up the technology sector and some of the stocks in them, where I find a few names that show promising basing patterns that could help push the S&P 500 in the coming weeks.
This video was originally broadcast on May 23, 2023. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube. You can also check out the video on the StockCharts TV on-demand website StockChartsTV.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.
Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.