Killy_Mel
Long

MACRO VIEW: XLK IN UPTREND ON ALL FRONTS

AMEX:XLK   SPDR SELECT SECTOR FUND - TECHNOLOGY
XLK             - the SPDR Tech sector ETF s in firm uptrend both on macro and on micro perspective, and it is the best-looking US sector ETF from the SPDR range.

On long term perspective price has broken back into the 5 and 10 year uptrend, trading above upper first standard deviation from 5 and 10 year means respectively

On long term perspective price has recently broken out into the quarterly and 1-year uptrend, trading above upper first standard deviation from quarterly and 1-year means respectively

Looks bubblish? maybe, but it is OK to dance while the music plays!=)
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