The Tech Sector May Have Lost Its Mojo

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Tech stocks (especially a certain $3.1 trillion chip company) have been leading the market to all-time high after all-time high for weeks now.

But, as I sit here at the cash close today, I’m watching S&P 500 futures get absolutely rocked with volatility… and <boom> all the action stops and the S&P 500 is massively unchanged.

So I’ve got to say tech is probably played out right now. That volatility I was watching a minute ago was NVDA. But the bid under it just isn’t enough to move the markets like it did just a few weeks ago.

I’ve got a chart that shows perfectly what’s going on and what the next move is…

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