XLK Lags, but Tech Bases Tighten as Long-Term Setups Quietly Improve

jfsrevg
01-20

While $Technology Select Sector SPDR Fund(XLK)$ continues to lag on a relative basis, price is compressing into a four-week tight range — even with a prospective gap-down open tomorrow.

Beneath the surface, several longer term tech charts are quietly improving for those willing to stay patient with their watchlist management.

$IONQ Inc.(IONQ)$ $Astera Labs, Inc.(ALAB)$ $Quantum Computing Inc.(QUBT)$ $Rigetti Computing(RGTI)$ $Plug Power(PLUG)$ $Broadcom(AVGO)$ are just some eye catching ones and you can be certain there's many more, within $iShares Russell Mid-Cap Growth ETF(IWP)$ segment specifically

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