I have been talking about the rotation out of tech since the November presidential election and am happy to say it is over. The market is just more fun when the technology and biotechnology sectors are moving.
It started with big tech, as old stalworths like APPL, GOOGL, FB, AMZN, and NFLX started remounting key levels after deep pullbacks. Then TSLA and the other mid caps joined the fun. Now it seems like solars, biotech and cyber-security are taking a rid on big tech’s coat tails.
In today’s weekly reflection, I talk biotech and review my early 2017 trading live from Pacific Beach, California (with a fantastic mocha from PB institution Kono’s Cafe).