Articles tagged with XLK

There have been three sectors that have outperformed the S&P 500 over the past three months and they are: technology (XLK), consumer discretionary (XLY), and communication services (XLC). These three sectors represent 26.01%, 10.09%, and 8.11%, respectively, of the S&P 500. That TOTALS 44.21% of the S&P 500. One of the best-performing ETFs has been the VanEck Vectors Morningstar Wide Moat ETF (MOAT):...keep reading

I've written much lately about the strengthening communications service sector (XLC). Year-to-date, the XLC is the strongest sector (+23.76%), edging out technology (XLK, +19.72%). But the best news of all is that it's on the verge of a neckline breakout in a bullish, bottoming, reverse head & shoulders pattern. If that breaks, we should see areas like internet ($DJUSNS) and broadcasting & entertainment ($DJUSBC) get a lift. One stock in internet that certainly seems poised to benefit is Pinterest, Inc. (PINS):...keep reading

Last Thursday and Friday provided us a glimpse of what the next several months could look like. Early this year, I expected that the stock market would unravel, but then rally back late in the year as lower interest rates spurred growth stocks after 9-10 months of relative devastation. Below is a chart that highlights key support levels of the 10-year treasury yield ($TNX), along with the relative performance of several key growth vs. value ratios:...keep reading

Growth stocks have been struggling as the 10-year treasury yield ($TNX) continues to climb higher and higher. The Fed hasn't backed down from its aggressive rate-hiking campaign and technology stocks (XLK), along with stocks in consumer discretionary (XLY) and communication services (XLC) are not offering many uptrending stocks. But that doesn't mean there aren't strong and strengthening stocks out there....keep reading

From prior options expiration weeks, we KNOW how quickly things can change during "Opposite George" (Seinfeld reference) week. We've seen the stock market move mostly straight up since the June 17th low and, in particular, the past four weeks. The S&P 500 hit a low of 3721.56 on July 14th and we hit a high on Thursday of 4257.91. That's more than 536 points higher in 4 weeks! Below highlights sector performance over the past month:...keep reading

Nothing is ever entirely perfect when we look at the stock market. I can always poke holes in it, if I choose to. But it's the BIG Picture that we need to say most focused on and, of course, ignore the worthless media. This morning I saw a headline that said we should really be worrying. Why? Because the stock market is rising. Yep, now THAT is even a bad thing, according to the media. I just laugh. Let's turn to the charts instead....keep reading