Courtesy of Chris Kimble
This year has definitely accelerated the trend in utilizing technology in the way we work (remotely) and live.
And it’s showing up in the stock market.
Today’s chart looks at the ratio of the Nasdaq 100 Index (large-cap tech stocks) to the S&P 500 Index (broader-based large-cap stocks).
As you can see, the Nasdaq 100 has been out-performing the S&P 500 for the past 15 years, steadily rising within a bullish price channel.
This tech ratio is now working on a dual breakout attempt as it surpasses the 2000 highs AND breaks above its upper channel resistance at (1).
Large-cap tech is the clear leader. And a successful breakout attempt at (1) would only further emphasize this important stock market trend.
This article was first written for See It Market.com. To see the original post, CLICK HERE.
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