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The Next Big Tech Leader?

May 6, 2025

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With the market back above key levels, we're seeing early signs of rotation, particularly into tech. 

Among the tech subsectors, cybersecurity is emerging as a standout, showing strong potential to lead the next phase of growth.

This group has been carving out a massive bottoming formation relative to the S&P 500 for over two years.

We've seen multiple failed attempts at the top of the range — but now we're back at those former highs, and this thing looks ready to go.

This is what a bearish-to-bullish reversal looks like.

If this base completes and this breakout holds, then it will mark the start of a new cycle of outperformance — and I plan to be right there with it.

Alfonso

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