Semis versus software
The two halves of XLK rarely move together for long. We name which one is carrying the index.
XLK
One of three focus sectors
Technology. In every brief.
Technology sets the tone for the whole tape, which makes it the easiest sector to be vague about. Every Technology call we print names a level in XLK and the brief it has to hold until.
What we watch in Technology
Semis, software, and the rate sensitivity nobody prices.
Rate sensitivity
Long-duration tech reacts to TLT before it reacts to its own earnings. Both sit in the same brief.
Breadth under the megacaps
An index at a high on four names is a different market than one at a high on forty.
Want the Technology deep-dive?
Sector deep-dives, threshold alerts, and the Midday and Evening briefs are part of Pro. The Morning brief stays free, with XLK in it every day.