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Daily Report : A breakout and momentum surge bodes well for technology

Jason Goepfert
2025-06-26
The S&P 500 Technology sector and the Nasdaq 100 both closed at new highs and triggered price momentum signals. Similar momentum-driven breakouts in the past have led to exceptional forward returns, particularly for the Nasdaq 100, which rallied 100% of the time over the following year.
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Headlines

A breakout and momentum surge bodes well for technology: The S&P 500 Technology sector and the Nasdaq 100 both closed at new highs and triggered price momentum signals. Similar momentum-driven breakouts in the past have led to exceptional forward returns, particularly for the Nasdaq 100, which rallied 100% of the time over the following year.

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Smart Money Confidence: 47% Dumb Money Confidence: 68%

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Research

A breakout and momentum surge bodes well for technology

By Dean Christians

BOTTOM LINE
The S&P 500 Technology sector and the Nasdaq 100 both closed at new highs and triggered price momentum signals. Similar momentum-driven breakouts in the past have led to exceptional forward returns, particularly for the Nasdaq 100, which rallied 100% of the time over the following year.

FORECAST / TIMEFRAME
XLK -- Up, Long-Term

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