The first technology IPO of 2016, Secureworks Corp SCWX 0.82% began trading today. After a brief dip below its IPO price of $14, Secureworks was trading up 4 percent in the morning session on Friday.

Incredibly, Secureworks is the first tech sector IPO of the year in what is becoming an increasingly dry IPO market. This time last year, there had already been six different tech IPOs.

The IPO market began tapering off in the second half of last year. The total number of IPOs fell to 170 in 2015, its lowest level in six years.

This year is off to an even slower start, with Secureworks marking only the 13th IPO of 2016, according to Renaissance Capital. The total number of IPOs is down 70 percent, year-to-date.

Despite the major slowdown in IPO activity, there have been…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!