The Nasdaq 100 ETF (QQQ) sprang to life in April with the help of two unusual suspects. We would normally expect Google, Amazon or Apple to lead a big tech rally, but April saw the return of old tech as Microsoft and Intel stole the show. Both were up double digits and up more than five times their nearest competitor.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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