Chart looks like it is breaking out. Has pulled back a bit, but based on his analysts’ findings, tech is the place to be and this is a convenient way to play it.
(A Top Pick Jan 15/07. Up 16.6%.) Still buying for new accounts. Likes the tech sector generally. Pre-tax earnings coming from the foreign sector is in excess of 60%.
Tech ETF. Market Capitalization weighting. A diversified way to play the sector, but it is not that cheap right now. He would want to see a correction before you jump in.
This is one of the better ETF’s in pure play technology. It is based on the Dow Jones indexes series of indexes, but it goes from large all the way down to smaller cap type holdings. This one is the broadest measure of holdings that you can get, and probably the better way of playing it.
Tech stock seasonality? October to end-January, but is also doing well outside this seasonality. So, tech will do well into March; tech has momentum. IYW's chart looks very positive with all-time highs now. Don't exit until the price weakens; use tight stop losses.
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