Technology Sector Weighing Down Indexes

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By Mike Paulenoff | Published 07/11/2006 | Stocks | Unrated

Technology Sector Weighing Down Indexes

With the indices continuing to play defense so far this morning, the technology sectors are attracting the most selling pressure again. Let's have a look at the relationship between the Dow Jones Industrial Average and the Nasdaq 100 via a relative strength chart of the DIA's vs. the QQQQ's.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.

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