Tech relative strength

Most investors are running for cover. The question they should ask, though: what cover? most of our trend signals point toward precious metals - and for good reason. But technology stocks are also garnering a stalwart reputation in the market downdraft. The Nasdaq 100 index has outperformed the S&P 500 over the last three months by 12%. The Powershares Nasdaq 100 ETF (NASDAQ:QQQQ) is currently Stock Trends Bearish, but its relative strength has been on an upward trend since November. Investors should feel reasonably comfortable weighting some of their holdings in tech.

Open Text opening

Tech stocks are generating deserved interest among investors. TSX investors have a limited range of options beyond the marquee name of Research in Motion (TSX:RIM). However, Open Text (TSX:OTC) is on the Stock Trends watch list. The stock will be a Bullish Crossover in the coming week after its staccato advance since mid-August. Trading volume in OTC has been weak or moderate over the past couple of weeks, but tech momentum could help swell the stock toward new highs. Look for another push in the coming week.

Stock Trends Report: Open Text (TSX:OTC):
http://www.stocktrends.ca/?symbol=OTC-T&page=streport