Tech ETF, the rally flips
VGT slips 0.1% as the tech rally gives way to a fresh Sell signal
Tech ETF, the rally flips
Our view last week
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%.
This week's summary
VGT, the Vanguard technology ETF, weekly technical analysis: the buy trade that had been running for 14 weeks up 12.5% gives way to a fresh Sell signal. The weekly ADX is losing conviction, and the daily chart shows three lower highs, from the 118 area down to the 116 area. Strength drops to 17 out of 100 and VGT ranks 59th among the 138 US sell signals; our model flags this as a high-risk opening.
IQS Phase
53
ordinary
Signal Strength
17
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#59 / 138
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 59th among the 138 sell signals for US stocks in our ranking, with a signal strength of 17 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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