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SPDR Select Sector Fund - TechnologySPDR Select Sector Fund - TechnologySPDR Select Sector Fund - Technology

SPDR Select Sector Fund - Technology

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SPDR Select Sector Fund - Technology discussion

XLK does this look like an uptrend to you?
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SPY XLK just went red. NVDA is falling off a cliff. Keep your eyes peeled and be careful.

XLK- on the sector of Tech got just pummel we will look at what cause. The usual suspects is involved IE $ AAPL, CSCO, QCOM, SCMI, So on. I would keep my eye on INTC which is inside yr. I would like to see if this stock can recover after the earnings. MSFT Mr Softy,

XLK: #TechStocks have been bullish ahead of the pack since Q1 2023, and now triggered a breakout after flashing a trend signal last quarter...

Trend is your friend here, don't be dumb and fade it.
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XLK I follow aapl and we certainly had a trend break Fri. I'm hoping a gap down and I wanna start closing gaps.

XLK
Everyone is bearish
No one wants Apple nor Microsoft; right?

Open Interest 3,446
XLK 2023 May 5 156.00 Call (XLK 230505C00156000)

XLK Technology sector can push higher, but don't be surprised if it fails and mean reverts in the near term. It's right up against channel resistance this week.

Watch for a double top right at the edge of channel resistance, which might signal a nice play to the downside to the mean or to the lower edge of the channel, or even VWAP anchored to the October 2022 low

tradingview.com/x/5xRM00V9/

Another reason for caution is that IWM, a sort of risk-on measure index, is looking very weak. It sometimes leads the other indices, and it was one of the earlier indices to start this bear. Can markets really rally back to all-time highs when not all indices are participating and inflation remains sticky and cracks are starting to show in the economy? Price is king, but there are reasons for doubt.

In the near term, keep an eye on this channel as well as the August 2022 highs.

XLK update (daily chart). It either repels off Gann (145.11) to form a short term double top or it seeks Gartley 1.618 extension at Gann (151.77).
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XLK GAP AT 146-148 needs to be filled
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XLK 151 target. Xover 50 ema around 1/11/23, rising RSI since 9/30/22, broke the down channel from 2022 high to low and has held since first test of 2022 breakout on 1/05/23. Solid green volume last few days. This is bullish, we will see if it holds when Sell in May crowd clamors.
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