However, the QQQQs are making some strong moves right now.
First, the overall average has made a good move through resistance.
Software has made a very strong move. This is a very bullish chart. The moving averages are all moving up, the closing price is above the SMAs and the short SMAs are above the longer SMAs. The only concern I have is the steepness of this chart.
The internet sector is also doing well. It has all of the same characteristics as the software sector.
The hardware and consumer electronics ETF has also made a strong advance. However, this one has more room to run. It has just moved above previous resistance.
The blog Between the Hedges has been talking about the tech sector for awhile and has some good information.
