Technology Select Sector SPDR Fund

  • XLK

  • $239.05

  • +1.31%

  • $237.82

  • $240.13

  • $237.00

FSI Sector Allocation

Ticker Appearances

Daily Technical Strategy
Thu, October 3, 2024 | 7:02PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Consumer Discretionary breakout vs. Consumer Staples is seen as positive

SHORT-TERM US EQUITY TRENDS HAVE STILL GRINDED LARGELY SIDEWAYS IN RECENT WEEKS FOLLOWING THE BULLISH BREAKOUT BACK TO NEW ALL-TIME HIGHS FOR SPX AND DJIA.  ...

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Mon, September 16, 2024 | 12:01PM ET

⚡ FlashInsights

Mon, September 16, 2024 | 12:01PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Heading into Europe's close, we see a moderate rally in US Equities that has been largely disguised by weakness in AAPL -0.47%  which is falling by the most it has in a month. While Equal-weighted S&P 500 did rise to a record high today early in trading before giving back some of these gains, 10 of 11 sectors are higher today on an Equal-weighted basis, with only Technology being dragged down. This Tech weakness isn't as apparent when eyeing RYT which is just lower by -0.26% but XLK 1.31%  is down -0.67% as AAPL along with SKYW 3.65% , QRVO 0.67%  MU 3.97% , TER 3.36% , and AVGO 6.49%  are all down more than 3%. Thus, Semiconductors are down, but the broader market is acting fine, with Financials, Energy, REITS and Utilities all higher by more than +0.50% and even Healthcare is up by +0.47%. Overall, it's important to recognize that the US stock market is made up by more than just AAPL -0.47% , but Technology's negative performance today is dragging down the major US Benchmark indices like SPX and NASDAQ, while DJIA is positive, DJ Transportation Avg is positive and RSP 0.11%  is higher by over +0.30%.
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Live Technical Stock Analysis
Thu, August 1, 2024 | 4:00PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

LIVE Technical Stock Analysis August 2024

Mark will be conducting a live Webinar session for the most popular stocks requested by our subscribers. Mark will give his quick take (45 sec-1-minute...

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