Vanguard Information Technology ETF — bearish confirmation week
VGT slips 3.4% in its confirmation week as sellers take control
Our view last week
On VGT, the Vanguard technology ETF, a fresh buy signal opens this week: the weekly picture stays bullish, with the MACD just crossing above its own Signal line and all four structural moving averages aligned. The tech sector, tracked here through the XLK sector ETF, remains a tailwind, up 4.64% for the month. Signal strength is only average, though, 38 out of 100: weekly technical analysis puts VGT 24th of 27 fresh US buy signals.
This week's summary
The buy signal that fired last week on VGT, the Vanguard technology ETF, is going through a tough confirmation week: the ETF slips 3.4%, with sellers dominant in the last bar and buyer dominance fading fast. The tech sector, tracked through the XLK sector ETF, turns weak again, down 3.53% for the week. The weekly picture still stays bullish, though, with all four structural moving averages still aligned.
IQS Phase
55
ordinary
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#153 / 167
US stocks in progress
Trade P&L %
-3.38%
from signal to date, no stop loss
Rank position
ranks 153rd among the 167 Longs already running for US stocks in our ranking, with a signal strength of 29 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
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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