Tech ETF: gain climbs to 17%, momentum cools
Vanguard's Tech ETF Closes the Week Up 3.0%, But Momentum Cools
Tech ETF: gain climbs to 17%, momentum cools
Our view last week
Vanguard Information Technology ETF is in week 11 of a buy signal and running at +13.85% since opening. All 3 statistical targets of the model have been hit and coverage is considered complete: the stop now trails the rally via the Inversion Point. Signal strength has slipped to 47 out of 100, a neutral picture that calls for watching rather than acting.
This week's summary
Weekly technical analysis: Vanguard Information Technology ETF closes the week up 3.0%, with buyers dominating 97% of volume. Beneath the surface, though, the pace is cooling - the MACD histogram has narrowed for four straight weeks and money flow stays well under its mid-June highs. Price is boxed between a resistance and a support just one ATR apart, and this buy signal is in its 12th week of management, up 17.26% since opening.
IQS Phase
67
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#80 / 129
US stocks in progress
Trade P&L %
+17.26%
from signal to today
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