Breaking Down the Tech Sector

Published on
January 24th, 2019
Topic
Technology, Technical Analysis, Trading
Duration
12 minutes
Asset class
Equities

Breaking Down the Tech Sector

Trade Ideas ·
Featuring Dan Russo

Published on: January 24th, 2019 • Duration: 12 minutes • Asset Class: Equities • Topic: Technology, Technical Analysis, Trading

Dan Russo, CMT, chief market strategist at Chaikin Analytics, joins Real Vision for the first time to highlight the contrasting price action within the tech sector. He discusses two different industries, analyzes the trends, and considers two specific stocks to play the thesis, in this interview with Justine Underhill. Filmed on January 23, 2019.

Comments

  • BF
    Brad F.
    26 January 2019 @ 20:53
    Has anyone implemented salesforce in their company and found people like it? The results I have seen are universally negative. I think they are great at sales and marketing but I’m not so sure about the product.
    • DR
      Dan R. | Contributor
      2 February 2019 @ 10:37
      Hi Brad. Thanks for taking the time to watch and comment.
  • WP
    William P.
    25 January 2019 @ 03:44
    Impressive analysis. Bring Dan back!
    • DR
      Dan R. | Contributor
      2 February 2019 @ 10:38
      Thank you William. I am also on Twitter under the handle @DanRusso_CMT
  • KF
    Ken F.
    24 January 2019 @ 23:42
    When everyone thinking alike nobody is thinking. Tech cycle has turned. CRM is a bubble. Sorry but fear sell greed vs chasing the Tech bubble 2.0
    • WM
      William M.
      25 January 2019 @ 04:45
      If I'm not mistaken, CRM has a P/S of 10+. I don't understand these cloud stocks, Stan Druckenmiller is championing them too. What's the reasoning that they'll do well if there's a downturn?
    • SS
      Steve S.
      25 January 2019 @ 12:34
      @William. The reasoning is in a downturn many companies will have to cut costs, hence they will switch to cloud services which is bullish for cloud stocks.
    • DR
      Dan R. | Contributor
      2 February 2019 @ 10:38
      Hi Ken. Thanks for watching and taking the time to comment
  • DI
    Dabangg I.
    24 January 2019 @ 22:52
    texas instruments, face palm!
    • DR
      Dan R. | Contributor
      2 February 2019 @ 10:40
      Hi. Thanks for watching and taking the time to comment. While I would love to have a 100% hit rate, I know that that is not possible. That's why risk management is so important. If the stop is hit, move on to the next trade with no emotion.
  • AK
    Arthur K.
    24 January 2019 @ 20:01
    TXN rev down 1% YoY but still up over stop..??
    • DR
      Dan R. | Contributor
      2 February 2019 @ 10:40
      Hi Arthur. Thanks for watching and taking the time to comment
  • GS
    GABRIELE S.
    24 January 2019 @ 16:12
    Texas short open and closed at the same time for stop loss triggering. Good shot. :-)
    • CC
      CHRISTOPHER C.
      24 January 2019 @ 21:02
      NICE TIGHT STOP, UNLIKE SOME CONTRIBUTORS HERE....His track record on shorts in Mastering The Bear (The Chaikin Analytics Bear Letter) has been close to 90% winners. Dan Russo is one of the most talented technicians in the business.
    • DR
      Dan R. | Contributor
      2 February 2019 @ 10:43
      Hi Gabriele. I would love to have a 100% hit rate but that's just not possible. I think that risk management is very important. So the stop gets hit and we move on. Thanks for taking the time to watch and comment.

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