Technology stocks have shown mixed performance this year, with mid-cap tech poised for a breakout and large-cap tech companies revising their Q3 earnings guidance to the upside. Despite this, the technology sector has lagged behind the S&P 500 year-to-date (YTD), with a 19.9% increase compared to the S&P 500's 21.9% rise. Financials, technology, and industrials are the strongest sectors based on trend component strength, with 78.6%, 73.7%, and 72.4% of large caps over the 20, 50, and 200-sma respectively. The technology sector has contributed significantly to the S&P 500's nearly 70% rise since the 10/12/22 low, accounting for 32% of the move. However, energy and basic materials are expected to be earnings drags in 2024. The sector is expected to close the gap in Q4 2024, with Russell 1000 Growth leading YTD.