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These 3 Charts Suggest Tech Stocks Are Headed Lower

Casey Murphy

The technology sector has been one of the darlings of Wall Street over the past several years. The strength across the broad technology sector is very evident by those who look at the Technology Select Sector SPDR Fund. The breakdown, as shown by the blue circle, is a technical signal that the bears are clearly in direction of the momentum and that stop-loss orders will likely be placed above $69.68 in order to protect against a surprise move higher.