It's been a banner year for technology stocks.
The tech-heavy Nasdaq 100 is up more than 10 percent in 2015 with much of the rally being led by stellar performances from some of its biggest holdings. Microsoft, Amazon, Alphabet and Facebook, which make up more than 21 percent of the index, are up a respective 22, 123, 49 and 37 percent year to date. According to one trader, the winning streak could continue as we head into 2016.
"We've been consolidating for most of November and December," Todd Gordon said Tuesday on CNBC's "Trading Nation" while looking at a chart of the QQQ, the ETF that tracks the Nasdaq 100. The ETF has traded sideways for the last two months, eking out a minimal gain. "It looks like we're finally going to break out," said Gordon.