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The stock market is kicking off April with its FAANG out.
The FAANG stocks have been moving higher and higher… and it’s not just the FAANGs…
The entire tech sector is strongly in the green.
In fact, right now I’m seeing one of my favorite signals in big tech.
But while tech companies are moving to the upside… other sectors are getting in trouble.
Which suggests that money is moving out of other sectors… and being funneled into technology.
Technology is Giving Us the Shoulder
Technology stocks are absolutely on fire right now.
Take a look for yourself…
Look at all those stocks that are heavily in the green.
Apple (AAPL)... Google (GOOG)... Amazon (AMZN)... etc...
All the green boxes are large-cap tech stocks.
What does this tell us?
It tells us that money is moving into the tech sector.
And like I mentioned earlier, tech companies are showing my favorite bullish pattern - the inverse head-and-shoulders.
For example, look at Facebook (FB)…
It's showing an inverse head-and-shoulders, this is one of my favorite bullish signals.
I show Stock Navigators how to play this signal all the time - click here to learn how we play it.
It's not just FB either.
Microsoft (MSFT) is also showing this signal...
If these companies break resistance levels we may see a very big jump up.
But while tech is looking bullish, other sectors are looking bearish.
Health and Defense Falter
While the tech sector is moving higher and higher… all this money has to come from somewhere.
Where is the money coming from?
Well, the heatmap can show us the answer.
So let’s revisit the heatmap I showed you earlier…
This time, we’re looking at the big, red boxes.
Notice which names are bleeding right now.
Johnson & Johnson (JNJ)…
United Health Group (UNH)…
From this heatmap we can see that money is moving out of healthcare names and into technology.
This is why it’s so important to use technical analysis when you’re trading stocks.
We can analyze the consistent ebb and flow of the market… and determine which sector is the best sector to invest in right now.
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