If You're Searching for Tech Gains, Think Old-School

We're just two trading days into 2014 and investors are already fretting over major market shifts that haven't even happened yet... January 08, 2014     If You're Searching for Tech Gains, Think Old-School   2014: The year social media finally slumps? A resurgence in "behind-the-scenes" tech Plus: The sky stops falling... sort of   Greg Guenthner coming to you from Baltimore, MD... Greg Guenthner 2013 was the year of social media stocks. Facebook staged an epic comeback. Twitter rocketed higher right out of the gate. Traders banked. But if you're looking to rake in the tech gains this year, you need to pay attention to what's happening to the old-school, mega-cap tech giants... Take Google, for instance. The king of search has enjoyed an incredible run recently. Over the past 18 months, the stock has doubled. Those gains aren't big enough for you? Check out Yahoo! Inc. Google's revamped older brother has jumped nearly 160% since mid-2012. The kicker? The performance of each of these internet names is good enough to best Facebook's 87% gains over the same timeframe. So no, it's not just the more speculative social media names that are moving. But before you start throwing a bunch of cash at Yahoo! and Google, know this: both of these stocks are overextended and could use a rest. I simply don't see a reason to jump into either of these stocks right now. However... I am seeing the first signs of rotation into some of the more unloved names in the technology space. Components, semiconductors and other "behind-the-scenes" tech firms are starting to perk up a bit. And if we do begin to see some profit taking in the speculative tech darlings of 2013, it's possible that investors take their spoils and move into these stocks. Today, PRO readers are getting my favorite way to play this trend. I'm keeping my holiday offer open to give you a chance to get in on the action. Here's how you can join us now...         The Last Legal Currency Loophole in America If you find any of these coins floating around, you may want to begin saving them… In short, we've just uncovered what could be the safest (and easiest) investment idea we've ever found. And it's been hiding in our pockets the whole time. What coin is it? And why should you begin hoarding them now? Click here to find out today!           Rude Numbers Targets, Predictions and Wild Guesses   $10 billion worth of apps were downloaded from Apple's store in 2013, with nearly 3 billion apps downloaded in December alone. Apple declared the month the most successful in its App Store's history. $32 buys a share of Pandora. The stock's already up by nearly 25% in 2014, after hitting a new all-time high in the latest trading session. 94 out of 107 S&P 500 companies have issued a negative outlook for the Q4 earnings season, according to FactSet. That's a negative rating of 88% - the most pessimistic since FactSet started tracking the data in 2006. $952 buys one Bitcoin this morning. That's down from a high of $1,093 less than 48 hours ago. 105 points were added to the Dow Jones Industrial Average during yesterday's trading session, marking the big index's first significant daily gain of 2014...     Rude Trends When to Buy... When to Sell   Stocks enjoyed their first decent trading day of the year Tuesday. The Dow popped triple-digits, while the Nasdaq took top honors. It jumped nearly 1% on the day... As I've said all along, it's going to take a few weeks to see exactly how the beginning of the New Year is going to shape up. One trading day doesn't make a trend. Keep this in mind when reading any overly-bullish or bearish financial media reports this month. Sure, big (and sometimes outrageous) predictions can be fun. But it's important to develop our trading view one week at a time. Meanwhile, I'm seeing a lot of speculative stocks starting on monster runs in the darkest corners of the market. That's fine--just don't get too caught up in the frenzy. Many of these small-cap and foreign names are extremely volatile. They might swing 20% higher on day, only to drop 30% not 24 hours later. Unless you are a seasoned swing trader, it's best to avoid them entirely... [Ed. Note: Send your feedback here: rude@agorafinancial.com - and follow me on Twitter: @GregGuenthner]     Ignore At Your Own Peril Today's Must Read Links   Can This Weird Trick Predict Stock Moves? The One Retirement Plan Obama Can't Touch How people across the country are getting rich off oil... without touching a single oil stock.     BE SURE TO ADD dr@dailyreckoning.com to your address book.       Additional Articles & Commentary: Join the conversation! Follow us on social media:         The Rude Awakening is committed to protecting and respecting your privacy. 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