Скачать или смотреть One of the Tech Sector's Top Dogs (w/ Patrick Dunuwila) | Trade Ideas | Real Vision™

Patrick Dunuwila, editor in chief of The Chart Report, discusses the relative strength of the tech sector and highlights one particular stock: Visa. In this interview with Justine Underhill, Dunuwila analyzes the technicals and discusses why Visa should continue to outperform. Filmed on March 29, 2019.

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One of the Tech Sector's Top Dogs (w/ Patrick Dunuwila) | Trade Ideas | Real Vision™
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Transcript:
Welcome to Real Vision's Trade Ideas. Today, we're sitting down with Patrick Dunuwila of The Chart Report. Great to have you here.
Thank you. So this is your first time on Trade Ideas. Can you give us a little bit of your background and what you do? Sure. I'm a trader, technician, and editor-in-chief of The Chart Report. The Chart Report is a website that aggregates and curates the best technical analysis from the smartest analysts out there, and it was kind of born out of the idea that we think there's a lot of bad technical analysis out there and just overall market analysis in general. And what we do with the chart report is we separate the bad from the good, and we find common themes that people are talking about, and we try to connect those themes, and find threads, and pull them together so that our readers have actionable ideas and have a better chance of navigating the market. So with that, what sort of themes or ideas do you see going on in the markets right now? Sure. Well, the trade idea I brought for you today is Visa. That's ticker symbol V. And we think it's really a story of relative outperformance. And before I get into Visa I want to touch on the overall market real quick. And one theme that we've been talking about a lot on the chart report and hearing a lot of technicians talk about is this flat 200-day moving average. And what that means, what that's indicating is that there's no clear trend in place. There's not a good way to have clear conviction, bullish or bearish, one way or the other, right now. It's what that flat 200-day moving average is suggesting is that all we can anticipate here is choppy, sideways, messy price action. And in that sort of environment, it's all the more reason to belong the strongest quality names. And we think a large-cap name like Visa presents a great opportunity right now. The first chart I want to look at is large caps versus small caps. And we have the Dow Jones relative to the IWM, which is the small-cap Russell 2000 ETF. And you can see that it's outperforming here, and we expect a large cap to continue to outperform in this environment.
This is really top-down technical analysis, and so you want to be in the strongest names in the strongest areas of the market. And as far as sectors go, it might surprise some people to learn that this is actually a technology stock. It strikes a lot of people as a financial stock understandably, but it's actually the third largest component in the XLK, the tech sector SPDRs ETF, behind Apple and Microsoft.
So when you take a look at how tech has fared relative to the overall market, the S&P, we have a chart here of XLK relative to the S&P 500. You can see that relative to the S&P 500, tech is hitting all-time highs, certainly a bullish thing.