Double Top on Tech?Technology stocks had a strong first half but could be ending the year on a weak note. Is the sector finally losing its leadership?
Today’s chart of the SPDR Select Sector Technology Fund highlights the July 10 closing high of $237.68. XLK stalled around that same level a week ago, resulting in a p
Key stats
About SELECT SECTOR SPDR TRUST
Expense ratio
0.09%
Home page
Inception date
Dec 16, 1998
XLK was the first to launch in this space, as such it offers a more narrow focus on the US technology segment. Its S&P 500-only portfolio tilts away from our segment benchmark. XLK is heavily concentrated and also a few that seem like misfits, such as financial payment processers or telecom firms. Its limited selection universe excludes small-caps and most midcaps. Avoiding smaller, less-stable firms results in lower volatility and a tilt toward value compared to our broad tech-industry benchmark index, and can cause other minor performance differences. XLK held the title for a long time as the cheapest and the largest fund in its segment.
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Stock breakdown by region
The best performing sectors under Trump's 1st administrationHere's the best performing sectors during Trump's 1st Presidential administration. (Nov. 2016- Nov. 2020) XLK +152% AMEX:XLY +97% AMEX:XLV +64%
Switched out long XLK to a short 220.95Ok guys that was sweet rally time get out and short again
look daily stoch rolling over look vol decreasing look candle
look watch see 50 day cross down thru 100
look weekly stoch wants to roll down
Looking for sell off in rate cut maybe down 208
Then boom rally till election
Long XLK 206.35 Target 240Look daily chart look stoch on bottom turning up. Look candle saying buyers came in see the wick on daily candle, Vol not bad still more sellers. Nice swing trade long
240.
Know the kicker we rallied on AI like madness
rallied on Rate Cuts well gonna get them so rumor cut fact sell so they sold i
XLK Crossover IdeaAMEX:XLK
Standard crossover idea:
Buying at open so long as we open or push above yesterdays close.
Looking at an Oct contract
Oct18 215c for roughly 9.7 (I'll try to buy at the mid)
Using the ATR of 5.7 -
SL: 215.89 (just below YLOD and 100d SMA)
TP1: 227.37 resistance
TP2: 232.17 supply zon
Short XLK @ the 50 day ma 221.28Hey guys what a week huh SPY target was 454 then they came out with saying the consumer u and I are resilient and Walmart rallied cause U and I are going their instead other stores cause why it cheap u clowns and last week 4 small banks come out say they are 4 billion in debt no one paying it back l
XLK - possible opportunity but don't plant all your seed at onceTime to start accumulating some XLK? I think so. With the 200-day on the yearly chart being breached, I believe this a good entry point. Buyer be aware, painful times may be ahead. Going with weekly purchases on this one for dollar cost averaging. Quick spike up my result in a quick sell on my
XLK vs SPY shows key break throughThe tech sectors sell off we experienced over the past month looks to be coming to a close
In multiple tech giant ETFS (XLK and SMH) are seeing breakthoughs of the past months violent sell off
comparing XLK/SPY we see that the recent downtrend has broken
The pair setup had reached level of
Shorted XLK Small 217.50app.screencast.com
Look Daily under the 50 day lower highs more selling buying yes selling getting less that why I am small like see 221.68 stop drop into the 50 day ma
look weekly stoch perfect just starting this thin can drop 205 or 193
My positions on SPXL IWM XLK SQQQHey guys in video I said that it wait there more I said it twice chart updated in middle video. Enjoy comments welcomed disagree please explain TA wise if not keep to yourself
Guys markets in Trouble and its caused by tech NVDA. Be ready short
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.