Two sectors that are starting to heat up on Wall Street are technology and oil.

Both of these sectors have been hit hard since the start of 2009. However, now things could be turning for both groups and some great opportunities could be at hand.

One recent positive development for the oil complex has been the action in the actual spot price for the commodity.

In the technology complex, the PowerShares QQQ Trust ( QQQQ), which tracks the performance of the Nasdaq-100 Index, is now trading above the 50-day moving average. Above that level, most leading technology stocks (think Google ( GOOG), Microsoft ( MSFT) and Qualcomm ( QCOM)) will probably follow the index higher.

If both oil and technology are ready to move higher, which stocks should you consider?

Here's a look at charts in both groups that could be setting up for some significant price action.

To read (and see) more, visit Stockpickr.com.
Stockpickr is a wholly owned subsidiary of TheStreet.com.

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