Market Worries While Tech is a Money Magnet

New Leveraged ETF Trade Plus Position Updates

The market is focusing on the Fed and the May CPI numbers, but under the radar, smart money is moving into tech stocks aggressively. Two of the ones, I recently recommended are on the verge of breaking out.

Meanwhile, bond traders are increasingly skittish after last week’s stronger than expected, albeit full of asterisks, as I discussed in my recent Smart Money Trading Strategy Weekly.

The bottom line is that the U.S. Ten Year Note (TNX) is once again testing the upper limit of its recent, and very tight trading range between 4.3 and 4.5%.   A move above 4.5% would be negative for stocks.

Ahead of the CPI and Fed news storm, money is moving steadily into the semiconductor sector.  The Semiconductor Index (SOX) is closing in on another breakout.

Meanwhile, the recently 10-1 split NVIDIA (NVDA) is holding up quite nicely and its steady performance is serving to hold up the technology sector.

I have recently recommended two tech stocks which are currently shaping up for what could be very profitable breakouts.