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Technology Sector At The Bottom Of The Pack: Time To Give Up On These Stocks?

With capital shifting into the perceived safety of blue chips and large-cap stocks, small-caps and technology stocks have been declining on the charts.Given the advance so far this year in the equities market, it's understandable to expect some hesitancy.

The Dow is up 13.4% as of April 12, and it's on pace for a gain of 47% on an annualized basis.I doubt this will happen and expect market adjustments in the equities market along the way. The same goes for the S&P 500 and the other key market indices.

Small-caps in the equities market have also fallen off since the end of the first quarter.At the back of the pack is the technology sector; but there has been a lack of strong leadership from any sector, including the semiconductor, Internet, and technology sectors, in general.

The following chart shows the recent movement of the three sectors (semiconductor, Internet, and technology) since March and their sideways direction.

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