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Trading Strategy – Technology Select Sector SPDR ETF

  One of the more noteworthy developments in recent days has been the move in tech stocks. Recent tax-fueled rotation sent tech shares down Monday. The Technology Select Sector SPDR ETF (XLK) fell 1.61 percent to 62.49, bringing its YTD gains down to just above 29 percent, outperformed the S&P by a wide margin. Now …[read more]

Trading Strategy –  Technology Select Sector SPDR ETF

  After gaining nearly 13 percent in 2016, tech stocks continues outperformed the major indices in 2017 with a year-to-date gain of 16.32 percent. The Technology Select Sector SPDR ETF (XLK) is approaching key inflection point. Now the question is whether recent rally has some legs. According to our “U.S. Market Trading Map” further gains …[read more]

Trading Strategy – Technology Select Sector SPDR ETF

  Tech stocks were underselling Tuesday following report that the EU hitting Google with a record $2.7 billion fine for violating antitrust rules. The Technology Select Sector SPDR ETF (XLK) fell below the 8-month rising trend line, down 1.64 percent to 55.08 – its lowest closing price since May. Now the question is whether this …[read more]

Trading Strategy – Technology Select Sector SPDR ETF

  Some of the themes seen through the first few months of 2017 have continued Monday, the Technology Select Sector SPDR ETF (XLK) has handily outperformed, rose 0.09% to 57.24.  According to our “U.S. Market Trading Map”, there could be more gains ahead for the ETF.  Below is an update look at a trade in …[read more]

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