How StockCharts TV’s view on $XLK changed

2026-09-23Bullish
“The S&P 500's Bearish Setup Just Failed. Now What?”
XLK shows strong recent performance and bullish technical patterns (inverted head and shoulders, cup with handle breakout).

I mean, consider the current situation of XLK stock , it is close to 112 or 115, and it first reached this level in mid-2025. Since then, the stock has experienced frustrating volatility.

We know that Alphabet and Meta are the two main influencers. Alphabet has performed exceptionally well , while Meta, until the last few days , has been the one hindering XLK's growth.

2026-09-17
“Bonds Are the Real Risk Right Now, Not Stocks | RRG Outlook”
XLK has a neutral-to-negative outlook as it stabilizes below 100 RS; breaking 193-194 is required to catalyze a wider market rally.

Unlike for a long period where we only had XLK technology on the right hand side of the graph, the last couple of weeks, five, six weeks, we now see that the spread and the distribution of the sectors on the RG is going back to a little bit more normal situation, normal positioning.

2026-08-24
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