Technology Sector December Outlook: We Give the Sector the Benefit of the Doubt Despite Recent Consolidation
Consolidation at the sector level is getting long in the tooth, but we continue to give the Technology shares the benefit of the doubt.
ORCL
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
ETFsector.com Daily Trading Outlook, September 16, 2024
US equities finished higher in Friday trading, with the Dow up 0.72%, S&P 500 up 0.54%, Nasdaq up 0.65%, and the Russell 2000 surging 2.49%. This marked the fifth consecutive day of gains, with the Nasdaq having its best week since November 2023 and the S&P 500 now within 1% of its July record close.
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ETFsector.com Daily Trading Outlook, September 12, 2024
Equities moved higher on Wednesday with a rebound in AI sentiment leading to Tech. and Nasdaq outperformance. For the day, the Nasdaq composite led the major US indices higher adding 2.17% while the S&P 500 gained 1.07 while the Dow brought up the rear advancing 0.31%. At the sector level, Tech shares paced gains up
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ETFsector.com Daily Trading Outlook, September 11, 2024
S&P futures are down 0.1% in Wednesday premarket trading, recovering from earlier lows. On Tuesday, US equities closed mostly higher, led by tech after Oracle’s earnings, while banks, autos, and energy lagged. Treasuries strengthened, the dollar fell 0.2% amid yen gains due to Bank of Japan policy comments, and gold rose 0.2%. Bitcoin futures dropped
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XLK Information Technology Sector SPDR September Outlook—We begin September long the XLK and we expect investors will eventually see this intermediate term consolidation as an accumulation opportunity
We do think there is potential for elevated volatility between now and the election, so we’ve kept our position modest this month to cover more areas of potential upside in the near term
ETFsector.com Daily Trading Outlook, June 12, 2024
Two more record closes today as the Nasdaq added 0.88% while the S&P 500 added 0.27% to yesterday’s record close. The Dow fell 0.31% on weakness from AXP and BA. ORCL reported after-hours with shares trading +8% in the after-hours session. AVGO reports tomorrow. Wednesday is the big day of the month with CPI data
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ETFsector.com Daily Trading Outlook, June 11, 2024
Another record close for the for the Nasdaq as it added 0.4% and the S&P 500 which edged up 0.3%. The Dow also added 0.2% as market participants bet the Fed would hold rates steady at its Wednesday FOMC meeting.
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