To The Moon

If we have been following the tech stocks movement, there have been some signs of recovery from semiconductor stocks like $NVIDIA Corp(NVDA)$ and $Advanced Micro Devices(AMD)$, and also the mega cap stocks like $Microsoft(MSFT)$

So we could be seeing that the S&P 500 Technology sector is in the improving quadrant and there should be soon that we see the S&P 500 Technology sector moving into the leading quadrant.

Mega Cap and Semiconductor Helping S&P 500 Technology Sector

In terms of weightage, we are seeing that there have been good positive gains from the mega cap and semiconductor stocks.

So if these stocks continue to do well, we could be seeing S&P 500 Technology sector leading

Potential Upside From $Technology Select Sector SPDR Fund(XLK)$

We are also seeing potential upside from $Technology Select Sector SPDR Fund(XLK)$ based on a longer period (1 week), there is signal from MACD, as we are seeing bullish upside forming, I believe this should continue to grow on the bullish upside.

There have been an upside seen from the KDJ also, as we are seeing upside from J value in KDJ, there will be much more upside movement coming from XLK.

Summary

As we see strong recovery from the tech and mega cap stocks, there would be a possibility that XLK would go into the leading quadrant and stay there for quite some time.

Appreciate if you could share your thoughts in the comment section whether you think technology sector would continue to do well?

@TigerStars @Daily_Discussion @Tiger_Earnings @TigerWire appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.