Tech is at significant resistance and entering a period of seasonal weakness. None of this guarantees an impending decline, and no prediction is being made (not by me anyway). Still, it seems like a good time to be paying close attention. @sentimentrader pic.twitter.com/17EBkIacGG — Jay Kaeppel (@jaykaeppel) September 6, 2023 Today’s Chart of the Day […]
Chart of the Day – Monday, August 21, 2023
Tech bouncing right at support the past two days, but XLK will need to reclaim $175 for it to mean much pic.twitter.com/g3IP9PjlFA — Scott Brown, CMT (@scottcharts) August 21, 2023 Today’s Chart of the Day was shared by Scott Brown (@scottcharts). Tech ($XLK) was the strongest sector last week, and it led again today. You […]
Chart of the Day – Thursday, August 11, 2023
If Tech stocks $XLK can't hold its current level, we may be facing an additional 8-10% decline. Doesn't seem unreasonable considering their gains this year. pic.twitter.com/OWeFCCfp5w — John Rothe, CMT (@JohnRothe) August 11, 2023 Today’s Chart of the Day was shared by John Rothe (@JohnRothe). Technology ($XLK) was the weakest sector today and this week. […]
Chart of the Day – Monday, August 7, 2023
$XLC Communications vs $XLK Tech change in trend in the mega caps? ~ 48% of the $XLC ETF is $META & $GOOGL ~ 45% of the $XLK ETF is $AAPL & $MSFT pic.twitter.com/Ycl15wXJMn — Christian Fromhertz 🇺🇸 (@cfromhertz) August 7, 2023 Today’s Chart of the Day was shared by Christian Fromhertz (@cfromhertz). Many have been […]
Chart of the Day – Thursday, June 15, 2023
$XLK tech ~1% from new highs pic.twitter.com/I8mM4vfTvV — Matt Petrallia, CMT (@theEquilibrium) June 15, 2023 Today’s Chart of the Day was shared by Matt Petrallia (@theEquilibrium). Technology continues to be the strongest sector, with $XLK up more than 40% year-to-date. Matt points out that $XLK is roughly 1% away from all-time highs, after clawing its […]
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