Ichimoku Cloud Remains Bullish for $XLK

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

The Technology ETF (XLK) remains in bull mode as it trades above a green cloud and the Tenkan-sen (Conversion Line) holds above the Kijun-sen (Base Line). The Tenkan -sen (blue) is the average of the 9-day high-low range. The Kijun-sen (red) is the average of the 26-day high-low range. The first negative signal would be when the Tenkan-sen moves below the Kijun-sen. See our ChartSchool article for more on Ichimoku Clouds.

101112xlk



Click this image for a live chart

Arthur Hill
About The Author:

Arthur is Chief Technical Strategist at TrendInvestorPro.com. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

 Previous Article Next Article 

Read More

MEMBERS ONLY

August Pullback: Déjà Vu or Opportunity in Disguise?

Jayanthi Gopalakrishnan
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com

Well, we got our seasonally strong July, but now, like clockwork, August has arrived, and the market sells off. It eerily echoes last August’s decline. Back then, the stock market sold off the week of August 5 on a weak jobs report, came close to its 40-week moving average,...   READ MORE 

MEMBERS ONLY

Why Daily vs. Weekly RRGs Matter in Portfolio Construction

Why Daily vs. Weekly RRGs Matter in Portfolio Construction

Julius de Kempenaer
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com

Relative Rotation Graphs can be rendered in similar intervals as regular bar- or candlestick charts. This article explains the differences between weekly and daily RRGs....   READ MORE 

MEMBERS ONLY

What Happens to Bitcoin Should QQQ Correct?

What Happens to Bitcoin Should QQQ Correct?

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

Stock market correction risks are rising as key indicators flash warnings. Discover sector correlations with SPY, potential safe havens, and how Bitcoin's surge aligns with QQQ in this data-driven analysis....   READ MORE 

Featured Articles

MEMBERS ONLY

RRG Reveals the Next Big Sector Moves!

RRG Reveals the Next Big Sector Moves!

Julius de Kempenaer
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com

In this video, Julius breaks down current market trends using Relative Rotation Graphs (RRG). He examines weekly and daily asset class rotations, highlighting key developments in stocks, commodities, bonds, the U.S. dollar, and crypto. From there, Julius analyzes sector momentum shifts, including technology, energy, and real estate, and explains...   READ MORE 

MEMBERS ONLY

Hook the stock market's key trends on StockCharts before you head out fishing for the summer.

Before You Cast Away, Hook the Market's Key Trends on StockCharts

Jayanthi Gopalakrishnan
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com

Check these must-see StockCharts signals before you cast off for the summer and see whether August's market currents say "stay the course" or "make adjustments."...   READ MORE 

MEMBERS ONLY

Is the Charging Bull Getting Tired?

Is the Charging Bull Getting Tired?

Bruce Fraser
by Bruce Fraser,
Industry-leading "Wyckoffian"

Optimism surrounds the stock market indexes with lofty price targets. Could the fulfillment of Point & Figure targets mean the end of a bull market? Find out here. ...   READ MORE