Four S&P sectors hit new highs. Two traders pick their favorites (via TradingNation)
With the S&P technology ETF itself at the midpoint of an upward-trending channel, it "looks like there's still more to come" in the way of upside, Johnson said."This is where I would be focused," he said. "A lot of stocks are making new highs but we want to really drive that alpha and we want to be in front of the best relative performers and technology is it right now.
Another group may offer better value, Tocqueville Asset Management portfolio manager John Petrides said in the same interview.As the economy reopens, likely easing supply chain issues and lowering commodity prices, it should be a huge boon for industrials, Petrides said.
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