Probably NOT tops… $IHAK $FDN $IGV pic.twitter.com/ko4Zu1Iwk8 — Steven Strazza (@sstrazza) June 10, 2024 🏆 Today’s Chart of the Day was shared by Steve Strazza (@sstrazza). While Semiconductors have gained weight within the Technology sector this year, other areas of Tech have lost momentum. Cybersecurity ($IHAK), Internet ($FDN), and Software stocks ($IGV) have rolled over […]
Chart of the Day – Thursday, July 1st, 2021
Software testing breakout level today. Many breakouts are doing this today. $IGV $QQQ pic.twitter.com/2bH5MQYDOq — Wall Street Wingman (@WallStWingman) July 1, 2021 Today’s Chart of the Day was shared by Matthew Timpane (@mtimpane). It’s a daily candlestick chart of the Software ETF, $IGV, since the March 2020 low. The top-weighted stocks in this ETF include […]
Gaming on Sector Rotation
In last weeks “Chart of the Week” column, we highlighted the relentless strength of the Technology sector ($XLK), and more specifically the fresh all-time highs from a variety of subsectors including Software ($IGV), Cybersecurity ($HACK), Cloud Computing ($SKYY) and Semiconductors ($SOXX). Today, we’re going to drill into one of those industry groups. It’s been one […]
Stick With What’s Working in 2020
2019 was quite the year for Large-Cap Technology. Our benchmark, the SPDR Technology Sector ETF, $XLK gained 50% during the year, nearly doubling the performance of the next best sector, Financials ($XLF), as well as the S&P 500 itself, both of which returned about 30%. Many of the analyst notes and financial headlines I see […]
Chart of the Day – Friday, August 9th 2019
Today’s Chart of the Day was shared in a research note by Frank Capelleri of Instinet (@FrankCappelleri). It’s a daily bar chart of the iShares Software ETF, $IGV. In the note, Frank explains that Technology is a heavily weighted component in all the major indices and says “the major indices will live or die by its […]