The S&P 500 broke above its 20-day moving average and is now within striking distance of an all-time high. After weeks of consolidation, momentum is improving, and a new buy signal could put record highs back in play. Technology and semiconductor stocks are helping lead the move, with the Nasdaq and Technology sector challenging their previous highs. But another development may be taking shape beneath the surface: rotation into beaten-down areas of the market. Financials and Basic Materials have been under considerable pressure, leaving both sectors oversold and near important support levels. If investors begin taking profits from recently strong Technology stocks, could money rotate into these lagging sectors? Lance Roberts looks at the S&P 500, Nasdaq, Technology, Financials, and Basic Materials, and explains what the latest momentum and moving-average signals may suggest for markets in the days ahead. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://youtu.be/O5eqwiEF0dY --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #SP500 #StockMarket #MarketOutlook #TechnologyStocks #Investing
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