Hedge funds have shed technology stocks at the fastest pace in six months, according to data from Goldman Sachs.

"Our intermediate-term indicators suggest the correction will resume mid- to late April," technical analyst Katie Stockton said this week.

The Nasdaq, along with the S&P 500 and the Dow Jones Industrial Average, roared higher over the past two years, delivering double-digit annual gains. And the momentum continued into this year as ...