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SPDR Select Sector Fund - Technology

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XLK trade ideas

XLK - 2 bearish (and 1 bullish) counts for US tech stocksIt might look a bit foolish to bet against US tech with the action of the last 11 (even 20+) years but both these counts reckon there might be room for a decent correction (blue count) and for a much larger and prolonged correction (red count) . (There is another variation for the red count that suggests the correction that began in 2018 finished a running flat in March 2020 and what we are experiencing now is in fact the early stages of wave 5.) Personally, I like the blue count......
AMEX:XLKShort
by tomj2417
GoNoGo senses moment of truth for technologyWhat’s next for the technology sector? Technology has been the leader this year, outperforming the S&P 500 throughout the volatile market reactions to Covid-19. This week saw the sector fail at prior highs and yesterday’s price bar showed a weakening in the GoNoGo Trend. Look to the GoNoGo Oscillator at this critical juncture. When in a strong trend, remember, the Oscillator should find support/resistance at the zero line. You can see this throughout the time period. This is a non subjective level because it means that all momentum is neutral. In a strong uptrend for example, enthusiasm should pick up, and the GoNoGo Oscillator should rally off the zero line helping price make a new leg up. If the GoNoGo Oscillator cannot stay positive and breaks below zero, then we expect price to struggle and the “Go” trend to really be threatened.
AMEX:XLK
by GoNoGoCharts
Tech vs FinancialsNothing but new highs in Tech vs Financials... Not likely to see a reversal in the trend of growth over value if this ratio keeps trending higher. $XLK > $XLF Click the related idea link to see our long term chart of Broker-Dealers & Exchanges. This important and leading subsector is now trapped beneath significant overhead supply So are Banks, both of which are dragging on $XLF itself. Meanwhile, Tech and many of its subsector groups are getting awfully close to retesting their all-time highs. Basically, we're seeing no evidence of this trend reversing, we're seeing just the opposite.
AMEX:XLK
by allstarcharts
Get XLK to gain exposure to top Tech companies in USAA good and inexpensive way to gain exposure to an industry sector is to buy an ETF instead of the individual companies. For example, I have missed buying Microsoft, Visa, etc so I can buy XLK ETF which gives me access to other companies as well. See here for the full list. We can see from the Day chart that there are gaps on the upside and the downside awaiting to be filled up. So long as the bullish trend line remain intact and price action continues to heads up, then we can infer the gaps (in blue) will be filled up. Alternatively, if the price action breaks down from the trend line, then we can expect gaps (yellow) to be filled up. I see some resistance at 89.39. This level needs to be break out before we see a price continuation pattern.
AMEX:XLK
by dchua1969
XLK Correction into Late Spring2 more months of declines could be seen into the late spring. This corresponds roughly with the timing of the last correction and when flu season will likely end. Given the velocity and severity of the recent decline, getting a ~25% correction in line with the last correction in December 2018 seems likely and exceeding the magnitude of that decline is also a significant possibility. A slowdown in business activity caused by precautionary measures could very well be what history writes as the start of the next recession, which was projected to happen given the already existing slowdown in GDP growth. The perception of the high likelihood of a recession in and of itself warrants a significant discount to current prices. Selling will continue as people decide whether the impact of the virus is priced in or not, but as news of the virus spreading continues it will likely be challenging for XLK to find a footing.
AMEX:XLKShort
by mistera123
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