Monday, September 28, 2009

Technology Moving Forward Smoothly

The technology sector is the best performer since the March lows.  It is performing well quietly. It is not attracting traders. No big moves up and down, just steady progress. Here is a chart from Bespoke.



The second leading sector...

financials, have been more volatile. Finances have been the worst performing sector 4 days and the second worst 4 days. All the defensive groups have lagged, with telecom holding position 1 2 days and position 10 9 times! My GCI recommendation back in February continues to bear fruit. The stock is up several hundred percent and advertising revenues are just starting to make their comeback.

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