Apple (AAPL) nearing a wedge breakout - but is there anything left in the tank for the Technology sector (XLK)?
Does it get any more bizarre for tech than now?
Technology sector (XLK) losing key support!
Spotify (SPOT) just did something worth paying attention to. After breaking above a declining resistance line and reclaiming the 50-day moving average, the stock pulled back for four days, found support on a rising trendline, held, and is now bouncing. That’s not random. That’s a chart telling you something. And the lesson here goes
Advanced Micro Devices (AMD) has seen its fair share of selling over the last few months, and traders are looking for clarity on where the stock may be headed next. With semiconductors still in focus and volatility elevated, I cover the AMD chart and determine whether there is a trade opportunity here or not.
Energy Sector (XLE) leading the way, while the Technology Sector (XLK) is getting railroaded
Still Tech holding this market up. Semis trading higher, everything else, minus small caps, trading lower.
Healthcare Sector (XLV) and Energy Sector (XLE) leading the way right now, while Semiconductors (SMH) and Technology Sector (XLK) are the new laggards.
Semis and tech losing the leadership mantle and handing it over to Energy and Healthcare.
Technology Sector (XLK) still dragging this market higher, led by the one, and only, Nvidia (NVDA)