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Barron's: Tech 52 Week Highs
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From Barron's 7-9-07:"As the roster of stocks trading near their 52-week highs thins, it has gotten conspicuously crowded with big tech bellwethers.
And while stock benchmarks struggled, the Nasdaq has persistently pushed to fresh 6½-year highs.
This recent affinity for the tech sector could be a bullish longer-term omen for the overall stock market, notes technical analyst Katie Townshend of MKM Partners, "particularly because it is occurring at the expense of more defensive sectors such as pharmaceuticals and consumer staples."
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