Is it time to take profits on technology stocks?

With tech stocks continuing to slide, Dominic Frisby examines the charts and asks whether now is the time to sell.

Nasdaq building © Getty images
Is it time to sell tech stocks?
(Image credit: © Getty images)

Trend-following systems will never get you out at the very top, and they’ll never get you in at the very bottom. That’s not what they’re for.

Their purpose is to make sure that, when a market is trending, you are onboard. The result is hopefully that you catch 80–90% of a move.

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby