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 XLK.
Chart 1.1 – Technology Select Sector SPDR ETF (weekly)
Our “U.S. Market Trading Map” painted XLK bars in bright green (strong buy). XLK has been on a tear in recent days following the late April breakout. The rally pushed XLK up against key technical level…Click here to read more.
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