iShares S&P 500 Tech: three statistical targets hit, signal settling

The iShares S&P 500 Information Technology Sector UCITS ETF is at week 8 of a buy signal, with the trade up 14.7% since entry. All 3 statistical targets of our most advanced model have already been reached, but the management roadmap runs through week 10. Signal strength stands at 56 out of 100 and the technical picture shows signs of fatigue: the confirmation week closed higher, but the model rates the setup as technically weak and recommends a cautious trim to lock in part of the gain.