US tech ETF, 14 weeks under management
VGT +0.2%: the technical cooldown spreads to volume and momentum
US tech ETF, 14 weeks under management
Our view last week
Weekly technical analysis: VGT, the Vanguard US technology sector ETF, drops 4.2% and slides into the 111 area, then bounces 10% off a clean double bottom - a sign buyers didn't fully give up. Under the surface, though, the picture has been cooling for weeks: money flow and momentum have been fading for a month, and now price is catching up with them. The trade is 13 weeks in, up 12.3%.
This week's summary
VGT weekly technical analysis: the Vanguard US technology sector ETF closes the week almost flat, +0.2%, after last week's 10% rebound off its lows. Under the surface, though, the cooling continues: sellers dominate 86% of trading volume, money flow turns negative again, and momentum caves in. The trade is 14 weeks in, up 12.5%.
IQS Phase
46
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#57 / 124
US stocks in progress
Trade P&L %
+12.52%
from signal to today
Rank position
ranks 57th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
VGT belongs to the etf settoriale sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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