US tech ETF: week 12, +17% since entry
iShares US tech ETF +1.8%: buyers back in control, momentum cools
US tech ETF: week 12, +17% since entry
Our view last week
The iShares S&P 500 Information Technology Sector ETF is in week 11 of a buy signal, with the trade up 14.97% since entry. Model coverage is complete: all 3 targets have been hit, and the residual capital continues with a trailing stop on the Inversion Point. Signal strength at 56 out of 100 describes a steady picture, not an acceleration.
This week's summary
Weekly technical analysis. This week the iShares S&P 500 Information Technology Sector ETF rose 1.8%, with buyers firmly back in control: 95% of the week's volume was on the buy side, after a choppier stretch. The weekly RSI climbs to 66, still short of extremes, but short-term momentum keeps cooling and price is boxed in near recent highs. The trade is now in week 12, up 17% since entry.
IQS Phase
64
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#23 / 60
EU-UK stocks in progress
Trade P&L %
+17.09%
from signal to today
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