I've been targetting XLK as a short candidate. It's 35% MSFT and AAPL at the top, with a host of other old-school tech giants dominating its members - very limited in momentum, growth names like cloud, Saas, Internet which would add risk to a short in this market.
Also,I like the 20% semiconductor exposure. Semis have obviously been on fire as everyone was caught off-sides trying to short their weak fundamentals, but INTC's report and overall exhaustion puts semis as a prime sector to short.
A break of the XLK uptrend would be confirmed by the two simple momentum indicators I track - MACD (with 5-15-5 setting) and DMI.
Also,I like the 20% semiconductor exposure. Semis have obviously been on fire as everyone was caught off-sides trying to short their weak fundamentals, but INTC's report and overall exhaustion puts semis as a prime sector to short.
A break of the XLK uptrend would be confirmed by the two simple momentum indicators I track - MACD (with 5-15-5 setting) and DMI.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.