Tech Stocks Need To Reverse Under-Performance Trend

www.investing.com/analysis/tech-stocks-need-to-reverse-underperformance-trend-200631515

By Chris Kimble | Oct 26, 2022 02:42AM ET

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Several times we have highlighted the under-performance of tech stocks.

Nasdaq Composite/SPX Ratio Chart

However, now more than ever do tech stocks need to reverse their misfortune.

Today, we look at a long-term “monthly” chart of the ratio of the Nasdaq Composite to the S&P 500 Index.

As you can see, the trend has been higher for well over a decade. But this out-performance turned into significant under-performance over the past 18 months… and the ratio is now attempting to break below its 13-year rising trend line. In fact, October is currently trading below it!

This will be an important monthly close for tech bulls. Can the Nasdaq/S&P 500 ratio hold on to critical support? Stay tuned!

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Vikings Norway Oct 26, 2022 5:22PM ET

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Apple 🍎 🍏 🍎, Show is what you are good 👍. for or we break.

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Alexandros Masoutis Oct 26, 2022 5:22PM ET

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US 30	33,877.5	+43.9	+0.13%
US 500	4,301.8	+7.9	+0.18%
Dow Jones	33,876.78	+43.17	+0.13%
S&P 500	4,298.86	+4.93	+0.11%
Nasdaq	13,259.14	+20.62	+0.16%
S&P 500 VIX	13.83	+0.18	+1.32%
Dollar Index	103.525	+0.209	+0.20%

Crude Oil WTI	70.35	-0.94	-1.32%
Brent Oil	75.04	-0.92	-1.21%
Natural Gas	2.262	-0.090	-3.83%
Gold	1,975.90	-2.70	-0.14%
Silver	24.395	+0.047	+0.19%
Copper	3.7710	-0.0240	-0.63%
US Soybeans	1,387.75	+24.75	+1.82%

U.S. 10Y	3.743	-0.002	-0.05%
U.S. 30Y	3.883	-0.004	-0.10%
U.S. 5Y	3.915	+-0.003	+-0.09%
U.S. 3M	5.253	-0.011	-0.22%
US 10Y T-Note	113.39	-0.34	-0.30%
Euro Bund	134.12	+0.25	+0.19%
10-2 Yield Spread	-80.08	-3.81	5.00%

Apple	180.96	+0.39	+0.22%
Alphabet A	122.23	+0.09	+0.07%
Tesla	244.40	+9.54	+4.06%
Amazon.com	123.43	-0.82	-0.66%
Netflix	420.02	+10.65	+2.60%
Meta Platforms	264.95	+0.37	+0.14%
Bank of America	29.27	+0.04	+0.14%

Tech Stocks Need To Reverse Under-Performance Trend

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