Techs have been underperformers during the month of December, especially the second half, so I think we're seeing some bargain hunting within technology.
More Quotes from Tim Ghriskey:
This lends a positive tone to tomorrow's opening, as well as crude being down significantly today.Tim Ghriskey
They are spending heavily to encourage future growth. They've got a lot of competition. Their competitive edge is their brand name and shopping experience.
Tim Ghriskey
There has been very much a sea change of investor opinion here. We've gone from a period where the Fed was simply moderating growth to a period where the Fed is trying to restrain growth or even depress growth.
Tim Ghriskey
It's tax loss selling. I haven't heard of anything else.
Tim Ghriskey
The focus is always on retailers on Black Friday, and early speculation is that concerns about early retail spending are overblown and that we're going to see a reasonable holiday season.
Tim Ghriskey
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