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One of the more noteworthy developments in recent days has been the move in tech stocks. Information technology was the best-performing sector in Tuesday session. The Technology Select Sector ETF (XLK) rose 1 percent to reach levels not seen since 2000, bringing its YTD gains to nearly 33 percent, outperformed the S&P by a wide margin. Now the question is whether rally has more legs? Below is an update look at a trade in XLK.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges. As shown, the underlying is in a short-term bullish trend when the price bars are painted in green. The underlying is in a short-term bearish trend when the price bars are painted in red.

Chart 1.1 – Technology Select Sector ETF (daily)

Our “U.S. Market Trading Map” painted XLK bar in green (buy). The ETF rebounded nicely after recent pullback found support near the 20-period moving averages. Tuesday’s rally pushed XLK above the prior high set in early November, signify…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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