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Trading-Capital

XLK - Bullish Weekly Cross

SPDR Select Sector Fund - Technology (BATS:XLK)  
Trading-Capital  
BATS:XLK   SPDR Select Sector Fund - Technology
Chart Patterns Trend Analysis XLK QQQ SPDR S&P 500 ETF (SPY) technology Tesla Motors (TSLA) apple microsoft google nvidia
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chartpattern trendanalysis xlk qqq spy technology tsla apple microsoft google nvidia
For the third time in XLK price history we have had a crossover of the 50 weekly MA & 100 Weekly MA.

the previous 2 times coming out of the Dot com crash and GFC when this happened it resulted in a quick multi week double digit rally.

Will this rally happened again?

XLK could rally while other aspects of the market rollover. Why? simply the cash moats of some of the Mega Cap companies insulate them more from rising yields.

Im expecting a bounce off the support level.

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