Technology Sector vs The S&P 500

Technology Sector vs The S&P 500

As I scoured the S&P 500 sectors over the weekend in search of the'easiest' hedge/short I came accross the technology sector (as measured by the SPDR Technology Sector ETF XLK) and noticed the following: 1. While the XLK is currently still 10% off the 2007...
Technology Sector (XLB) Almost At New Highs

Technology Sector (XLB) Almost At New Highs

If you measure the technology sector by the popular SPDR  ETF called the XLB, the sector is not only 25 cents away from new 2011 highs, but also from fresh 3.5 year highs.  From a technical analysis perspective the inverted head and shoulders pattern (see...