This chart shows sector performance over the last year, 4/2021 to 4/2022. The chart uses a weekly timeframe and compares equal-weighted sectors. Many major indices and ETFs are skewed given heavy weightings in technology, consumer discretionary, and communications mega-cap stocks (mostly the FAANG stocks and MSFT and TSLA). A few other observations that are...
US technology sector continues to get crushed. The chart above is a equal-weighted version of the tech sector. An ominous H&S pattern appears that was confirmed a few days ago by a decisive break of the neckline on higher volume. With the speed of the decline, October 2021 lows may well be taken out. However, a reversal could present an excellent long...
Is it Growth versus Value or Tech versus Financials and Energy EW Tech vs. (EW Financials + EW Energy) Divergences from Growth vs. Value have been notable in the past
Tech has to lead, when it doesn't the market weakens! NOT a timing indicator, just shows strength and weakness
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