The tech sector has very good chances to extend rally this week. There are at least two reasons for such optimistic scenario. Firstly, the market staged an impressive turnaround two days ago. Secondly, the Friday's performance was even more exciting as markets shrugged off the surprisingly negative employment figures. However, the tech sector approaches the resistance at 31.40 and a further upward movement becomes more questionable.
Monday, February 9, 2009
Shrugged off negative employment figures
The tech sector has very good chances to extend rally this week. There are at least two reasons for such optimistic scenario. Firstly, the market staged an impressive turnaround two days ago. Secondly, the Friday's performance was even more exciting as markets shrugged off the surprisingly negative employment figures. However, the tech sector approaches the resistance at 31.40 and a further upward movement becomes more questionable.

