Index Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
Technology Select Sector SPDR Fund (GIF:XLK)
Bull Market Weakness (+75) - XLK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XLK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XLK?
MarketClub looks at technical strength and momentum to determine if the timing is right for XLK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XLK
The long-term trend has been UP since Jun 2nd, 2020 at 98.515
The intermediate-term trend has been UP since Apr 1st, 2021 at 135.092
The short-term trend has been DOWN since Apr 20th, 2021 at 140.832
Smart Scan Analysis for XLK
Based on our trend formula, XLK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).