Is Tech Topping?

04/05/2010 10:39 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

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As discussed in our last article on sector analysis (click here for lesson), the next rally was expected to give us some important information on market leadership. The Industrials still look strong as the new highs have been confirmed by the RSI. The uptrend in the weekly RSI on the Information Technology sector was violated in late January and the RSI has not yet confirmed the new highs. A drop below the recent lows would be more negative.

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