BALTIMORE (Stockpickr) – The broad market is kicking off November in "bounce mode", with the big S&P 500 Index nearly 8% higher than today than it was just two weeks ago. To put that in perspective, more than three quarters of 2014's year-to-date gains have gotten put back onto the S&P within just the last two weeks.
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And the tech and telecom sectors are leading the way higher.
So, as the big market indices test new all-time highs to start November, it makes sense to focus on the strongest stocks within the sectors that are already outperforming. To do that, we're taking a technical look at four technology and telecom sector trades to grab for gains this week.
For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.