Technology Sector November Outlook: A Sour End to October Complicates the Bullish Picture
We are seeing some signs of “AI fatigue” in the stock charts that comprise the Technology Sector
MSFT
Narrations of a Sector ETF Operator | Weekly Market Letter, October 13, 2024
Mag7 is showing cracks while Commodities prices remain short of bullish trend change. We continue to monitor the latter closely for clues.
Narrations of a Sector ETF Operator | Weekly Market Letter, October 13, 2024 Read More »
ETFsector.com Daily Trading Outlook, September 19, 2024
S&P Futures Surge Higher: S&P futures are up 1.6% in Thursday morning trading, following a mixed Wednesday session where US equities mostly ended lower in choppy conditions, with defensive sectors underperforming. Cyclical stocks held up better but still closed well off their intraday highs. The Russell 2000 finished slightly higher but was down nearly 2%
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ETFsector.com Daily Trading Outlook, September 17, 2024
S&P futures are up 0.3% in early trading on Tuesday, following a positive start to the week despite a pullback in the Mag 7 tech names and semiconductors. Financials, Energy, and Materials were among the standouts on Monday. Asian markets were mixed overnight, with Hong Kong leading gains due to strength in property stocks, while
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Narrations of a Sector ETF Operator | Weekly Market Letter, September 8, 2024
With Mag7 near-term oversold, the bull will show its hand (or not) this week.
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ETFsector.com Daily Trading Outlook, July 31, 2024
Tech shares came under renewed pressure on Tuesday ahead of MSFT and other Mag7 earnings reports. MSFT posted a mixed earnings release after the bell with shares off 4% in extended trading after the bell. The negative catalyst was a miss in Azzure cloud revenue vs. very high expectations along with higher costs from ongoing
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XLK Information Technology Sector SPDR June Outlook—Strength in Semiconductor stocks and benign inflation readings keep XLK the long-term winner in this cycle
Semiconductors have led everything YTD, but other areas of the XLK are showing near-term improvement now as Semi’s have consolidated in over the past week. Price Action & Performance XLK was among the leadership cohort for the 2nd month in a row after a weak spot in March and April. Momentum made a bull market
ETFsector.com Daily Trading Outlook, June 19, 2024
Slightly softer than expected retail sales keep the policy speculators leaning toward cuts. Tomorrow is a market holiday, and Fed comments Tuesday afternoon didn’t offer anything to dislodge the prevailing AI momentum.
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XLK Information Technology Sector SPDR June Outlook—Strength in Semiconductor stocks and benign inflation readings keep XLK the long-term winner in this cycle
XLK outperformance has persisted as inflation was not a negative event in May. We look for the outperformance trend to continue at the sector level given the absence of material headwinds and investor recognition of long-term leadership. Our new Elev8 Sector Model debuts with XLK as an OVERWEIGHT allocation of 2.92% for June