SPDR Select Sector Fund - Techn
Investment Thesis
XLK has rocketed +25.7% in just 18 trading days to all-time highs, pushing RSI to an extreme 91.95 and the XLK/SPY relative strength RSI to 87 — both historically stretched readings that make new long entries unattractive and set up a mean-reversion pullback toward the 50-day SMA (~$141).
Catalysts to Watch
XLK RSI(14) hit 91.95 — a multi-year extreme — as price tagged its 52-week high at $160.22 on April 24, capping a 25.7% surge from $127.50 in under a month. The XLK/SPY ratio RSI simultaneously reached 87, signaling the relative outperformance is equally stretched.
Why It May Work
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Why It May Not Work
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Timeline
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