Shorting the Technology Sector ETF

  The technology sector as measured by the SPDR Technology ETF (ARCA:XLK) may have reached some meaningful resistance over the past few days.  After rallying more than 100% off the early 2009 bottom to its recent highs in February this exchange traded fund proceeded to break that multiyear uptrend in early August.  Year to date […]

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 white bubbles on chart) is working out well and if […]