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Last week I told you that I was steadfastly bullish on this market.
Not cautiously bullish, like most pundits who prefer to hedge their bets. Outright bullish.
Now, the market has taken a step back since then, based largely on the trade skirmishes (not yet trade wars) popping up around the globe. Markets typically don't respond well to tariff saber-rattling, and the current rhetoric is no exception.
In fact, I said in my bullish piece that the S&P 500 Index (^GSPC) could have trouble with the 2,800 level. That's exactly what's been happening, as the SPX topped out last week at 2,791.
But this has not changed my outlook. Nothing has changed in terms of the technicals, volatility, trading volume, the risk-on trade, and interest rates. All are in place to support another bullish run.
With that backdrop, and given the outperformance by technology stocks, today I want to give you two tech names that my "Best in Breed" (BIB) methodology suggests will continue to outperform.
That's what BIB is all about – finding the strongest stocks in the strongest sectors. Let's take a look…
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About the Author
Chris Johnson is a quant - he's obsessed with building and perfecting mathematical models that allow him to predict, with startling accuracy, the direction of the markets, entire sectors, and individual securities. For the last year, he's been researching and building a new system that lets him move swiftly in and out of the hottest stocks in the market for life-changing gains - entirely on his own terms. The results of his newly-minted Night Trader system are nothing short of amazing.
Chris also contributes to Money Morning as the Quant Analysis Specialist.
Thank you for your concise report.