The sector got another round of support in recent weeks as yields tumbled, bank collapses rattled the broader market, and investors searched for stocks with strong cash flows and balance sheets to weather a potential downturn.IXIC YTD bar Nasdaq Composite so far this year But despite the recent bounce in shares, chart analysts see the sector retesting some key levels of resistance, which could end in a breakdown for the broader market. Technology stocks have been on a tear since the start of 2023 as investors dip back into the sector following one of the most difficult years on record, with the tech-heavy Nasdaq Composite and S & P 500's information technology sector up about 13% and 17%, respectively. The recent comeback in technology stocks is beginning to lose its luster, and that could mean trouble for the broader market.
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