Tech Stocks Extend Historic Winning Streak ๐ The Chart Report
Chart of the Day
๐ Today's Chart of the Day was shared by Scott Brown.
The Technology Sector ETF (XLK) just logged its 13th consecutive up-day, matching the longest winning streak in its history.
Over that stretch, itโs surged more than +20%, a move typically seen at major bear market lows like the Dot-Com crash, the Great Financial Crisis, and the COVID crash.
What makes this instance unique is that itโs occurring at all-time highs rather than within a large drawdown, highlighting the overwhelming demand in the market's most important sector.
The Takeaway: The tech sector is exhibiting historically strong upside momentum, with a 13-day winning streak and gains exceeding 20%.
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