Technology Sector Closing In On Pre-Financial-Crisis Highs

Includes: IYW, QTEC, VGT, XLK
by: Bespoke Investment Group

The S&P 500 Technology sector has gotten off to a great start to 2012. While it has gotten a bit overbought in the short term, the sector is closing in on a key resistance level that bulls would love to see broken. This resistance level is the sector's pre-financial crisis closing high of 441.36, which is just 1.59% away from where the sector is currently trading.