SPDR Select Sector Fund - Techn
Investment Thesis
XLK staged a sharp V-shaped recovery (+12.4%) from its July 29 low of $166.46, reclaiming the 50-day MA on above-average volume. If the ETF consolidates above that level, the path to the 52-week high at $198 reopens — but overbought stochastics and extreme call buying argue for patience before pressing long.
Catalysts to Watch
XLK reclaimed its 50-day moving average ($183.15) on August 4, closing at $186.90 on volume 46% above the 20-day average, completing a V-shaped recovery from the July 29 intraday low of $166.46.
Why It May Work
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Timeline
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