The technology sector just flipped the script. After the Federal Reserve’s Sept. 16 rate decision, the market did something telling: it erased the fairly obvious, expected sell-off that hit right after the announcement and reversed sharply higher, leaving behind what looked like a bear trap. That momentum carried straight into the Sept. 21 session, with tech gapping up and the Invesco QQQ ETF (NASDAQ: QQQ) breaking out of a multi-month consolidation to close within about 1% of its all-time high.
That kind of decisive move tends to really matter in the bigger scheme. When the broad technology sector benchmark clears a range it has been stuck in for months, it often opens the door for individual names to follow with their own breakouts. The three stocks below have held up well as the sector turns, and each sits in an interesting spot if this market strength continues.
