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S&P 500 Information Technology

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S5INFT trade ideas

S&P Tech to S&P energy comparisonVolume as a comparison has reached a 4 year low. Hard to say what this means as of current but looking back at that event can conclude that something substantial in the market was about to unfold. Whilst this chart may look bullish for tech as a comparison and markets proceed higher most of the time its always important to take into the account that a comparison may result in move up because the market is also crashing. One is just crashing more dramatically then the other. In this scenario whilst tech still performed positively for a while SPN was sending warning bells to the economy. Those warning bells were a underlying message that the economy was slowing at a substantial rate the energy sector was being impacted by restrictions on travel, production and worker mobility which have resulted in a reduction in the demand for oil, coal and gas. Some have also suggested that current decline in oil may also be sending alarm signals to the market as oil has a tight correlation to the SPN that again the economy is slowing and fast.
SP:S5INFT
by Ryan1993
S&P (S5INFT): Descending channel, Information technology sector Information technology sector is part of the S&P 500 list. It basically includes all the big names you can think of (Apple, Intel, Microsoft,...). S5INFT (S&P 500) is currently in a descending channel. With a death cross in March, descending 200MA and 50MA, this sector is in an obvious bear trend. Lower highs and lower lows are showing week after week. If this trend continues, availability of electronics is likely to increase and the price tag of components likely to come down. Hope I'm right on this one cause I own some 2023 SOXS calls ( Direxion Daily Semiconductor Bear 3X Shares). I'm basically betting that the price of electronic components will deflate by a fair amount. Back to S5INFT, if the price action continues to stay within the lower/upper trend lines, or if it breaks the lower trend line, target prices are as follows: Target 1 = 2084$ Target 2 = 1931$ Target 3 = 1801$ Target 4 = 1550$ Target 5 = 1450$ Could go even lower. Keep an eye on the top edge of the channel. If price action ever breaks it and start climbing again, adding higher highs and higher lows for a few weeks, could mean a reversal is brewing. Stay humble, have fun, make money!
SP:S5INFTShort
by LeLaf
1
S&P 500 Information Technology Channel evaluationS5INFT is the S&P 500 Information technology Sector. It comprises of all the biggest Information Technology companies such as Apple, Microsoft, Oracle,... and many more. See this link for a full component list (www.barchart.com). This sector's price action (as for the S&P as a whole) rune between the top and bottom channels on both daily and weekly charts. This is in line with the current world situation where all transaction are electronic and Work from Home has become a normality. The infrastructure to support being part of this sector, no wonder it is still hitting higher highs every weeks. Caution: We may see a bit of a down trend in the next days/weeks in this sector as the price action is approaching the top of the channel. This could induce a reversal in the trend until the price hit the bottom of the channel and reverses back again into an uptrend. Help out by joining my Patreon. One on one discussions about stocks and charting. Stay humble, Have fun, make money!
SP:S5INFTLong
by LeLaf
Reversal prediction... *Just an idea, not financial advice* The basis for this prediction is formed from the previous 5 pullbacks >~-6.0%. Average pullback over 5: -17.262% High: -32.98% Low: -8.53% Mid point: -20.755% Average over 3 (Pre-covid): -10.3% Based on similar pullbacks, I make the prediction that a complete reversal will take place over the span of ~25 - ~30 days ending on the ~25th March - ~1st April. If you arent familiar with futures and want to take this risk, technology giants such as Apple, AMD, Intel, Nvidia, and Cisco are worthy candidates.
SP:S5INFTLong
by flxtcha
Quick Update - Big Tech Wait for support tests This is a quick update for those of you who are unsure whether big tech will rally to previous highs or return back to the depths of the post-correction crash. Here I'm going to talk about the potential movements of the Tech sector today. Let me know how it goes for and how you view this recent attempt at a Tech Sector rally. If this analysis helps, I'd really appreciate a like, it lets me know that what I'm doing is good work. Best of luck and Stay Disciplined Overall there is naturally a lot of momentum behind the recent rally which is discussed in my last couple of post: However, there has been a lack of short interest in recent days: fintel.io fintel.io This suggests shorts have been waiting for what they see as a potential overextension of equities to get in short. This could be seen in a cup and handle pattern as seen on the chart. This will bring down prices to recent supports allowing for buying opportunities from big players who have been waiting for tech to come out of this recent slowdown. Correction Start: Therefore my personal strategy is to wait for support testing at around 2120-2125 which may happen early into the session and then to go long if this test is met by high volume. If this support is broken wait for support at the hard support at 2067-2072. Straight Up: If tech instantly moves up this morning I would be cautious about going long, although there is potential for a substantial move up, a correction will occur soon to reduce overextended RSI levels prior to moving towards all-time highs. Wait for tests at around 2120-2125. Apologies for the short analysis, I wanted to provide some sort of caution for this morning.
SP:S5INFT
by PilotFish
We're NOT out of the Woods yet on TECH - Short Term - Day TradeHere I'm going to talk about the potential movements of the Tech sector today. Let me know how it goes for and how you view this recent attempt at a Tech Sector rally. If this analysis helps, I'd really appreciate a like, it lets me know that what I'm doing is good work. Best of luck and Stay Disciplined Yesterday Technology tried to rally and was on a strong path upwards, that was until Nancy slapped the market with the news that no stimulus was coming. This morning we are opening just below yesterday's high of 2090 and traders will be wanting to know is this it? Is this the day we finally break 2100 and continue with the Tech Rally. However as always at these levels, there is the smell of weakening momentum and profit-taking with the uncertainty caused by a lack of stimulus and the upcoming election. Furthermore with semi-conductors ( NASDAQ:SOX ) recently being overextended and experiencing some profit taking there is the potential of Semiconductor downside infecting the overall tech rally. As always I will be trading the S5INFT via AMEX:TECL and AMEX:TECS . Move Up: Most important to confirm true movement a break of the Major Resistance at 2100 will be required. This will bring us out of the correctio range we have been in since the recent tech crash. This will also cause a spread of the Bollinger bands from their recent flat range indicating upwards volatility. Furthermore, this will be a clear move over Fibonacci P and into the upwards parallel channel. From the constituent analysis volume in MSFT, AAPL and NVDA have been weakening as prices continue in the current range. However, all 6 major components of this index remain over important support points NASDAQ:MSFT :$210, NASDAQ:AAPL :$115, NASDAQ:NVDA :$550, NYSE:V :$200, NASDAQ:INTC :$52 and NYSE:MA :$345. Although, they remain tightly bound to these points and no high volume push away from these cliff edges has been seen as of yet. Therefore to confirm the upwards movement be patient for a break of 2100, watch for increased volume up above constituent stock support points. Resistance to break for constituents are MSFT: $212.5, AAPL:$116, NVDA:$555, V: $204, INTC:$53.5 Move Down: Although I do not predict a major further hit down at this time I see indications that investors may not be willing to remain invested at these current levels due to great uncertainty regarding the economy and election. Volumes of constituent technology stocks have been dwindling in the last few days as prices remained stagnant causing the 25d MA to cross below the 50d MA showing some short-term weakness. This may be an indication of fewer expectations of further rallying and a pause to wait for lower buying opportunities. However, watch out for further movements up which could cause high volume to move back in due to FOMO. The first indication of weakness from an index level will be a break of the 2072 support. This will show a lack of momentum further above the price range of the last 30 days. This point could act as an initial shorting position. A further break of the parallel channel of the past 2 weeks will indicate further selling towards 2034/50d MA. Although resistance will be shown at the parallel channel at 2067 (FIB R1), unless a movement above 2072 occurs further downside will follow. On the constituent level support points to initially break will be MSFT: $211, AAPL:$115, NVDA:$550, V: $203, INTC:$53. Further downside will be shown by high volume drops below MSFT: $210, AAPL:$114, NVDA:$545, V: $202, INTC:$52. Verdict: Overall this is a tricky one as new ranges always bring uncertainty. Therefore always wait for confirmation of the direction. Missing out on slightly cheaper prices will not be worth the risk of downside if a movement is not properly confirmed. I hope this analysis is helpful for those of you who are uncertain of the direction today.
SP:S5INFT
by PilotFish
1
DAY TRADE - WILL TECH RECOVER TODAY? - Simple Momentum TradeAfter a recovery yesterday to the pre-Trump infection highs the US premarket today shows further strength up to a Major Resistance on the road towards pre-Tech correction levels. Sentiment today will likely be cautiously positive (bolstered by on-target/positive jobs numbers), with traders waiting for the signal to buy, buy, buy. Here are the signals that will allow traders to make intraday moves trading on the S5INFT 3x ETFS AMEX:TECL and AMEX:TECS . Move Up: Start the long trade at a clear indication of the upwards movement at 2072 then with a break over the opening price at 2083. A recovery to previous highs yesterday with concrete support on the 50d MA, momentum picking up on the Day chart, a hit down in classic value sectors (S5REAS, S5UTIL NAD CONS), and room in the RSI levels suggest great upside potential today. Furthermore with premarket levels over the Major resistance of 2083 traders are apparently believing this sentiment as well. Initially, the market may sell off some of the overnight trades to move down to 2072, this will balance RSI levels and prevent the price from moving too far outside the Bollinger Bands. If no major break occurs below 2072 a recovery back to the open will provide great momentum to a move towards 2100,although this must be accompanied by major volume buying at 2072 which for its constituent stocks will be approximately $210- NASDAQ:MSFT , $116/$115.5- NASDAQ:AAPL and $564-$562 NVDA . Short interest in AAPL(fintel.io), MSFT(fintel.io) and NDAQ(fintel.io) substantially decreased yesterday giving further credence to an upside call and potential break over 2100. For those more risky and profit-seeking investors, there is potential for a large move up to 2120 although I personally would take a majority of profits at 2100 due to the potential for downside at this level. Move Down: Although less likely anything is possible in this market. Fears of further economic damage are still looming and a lack of a true stimulus bill coupled with elections may rest on some investors minds causing cautiousness and profit-taking at these high levels to take place. An initial move down with high volume could scare investors if the 2072 level is broken, wait cautiously for a break of Fibonacci R1 at 2067 as this will cause fear and major downside to 2057 or 2050. These moves will not likely be high volume today as the general sentiment is positive however volatility may spike over the coming days. For the move-down, I will short a small amount below 2072 with a low volume recovery up and increase this position if the price moves below 2067. However, with major volume resistance at 2067, it would be best to exit the trade. Verdict: Overall a positive move up to new highs is likely and this would be a high Return On Investment trade if momentum pushes tech to the major resistance at 2100. However, caution of profit-takers is advised. Good luck and stay discplined. Don't forget if this worked for you come back and give us a like, if it didn't I'd love discussing what happened.
SP:S5INFTLong
by PilotFish
DAY TRADE - Technology SectorAfter an intense drop yesterday determining today's sentiment will be difficult, however there are several signals that will allow traders to make some intraday moves. There are 3 scenarios that can occur today: Tightening of the range: High and lows squeezing together to form a slightly upward biased symmetrical triangle A battle of defensive tech against economic fear causes indecision and tightening RSI hovering around 50 for 4hour and Day chart The collapse of the rally: Constituent stocks such as AAPL and MSFT have failed to rally close to their pre tech correction highs causing swing traders to pull out Resistance at 2080( S5INFT ) and 3400( SP500 ) has been double topped and thus further price movement looks unlikely Head and shoulders pattern emerging in MSFT Momentum indicator shows reduction in momentum High percentage of short interest in major tech giants (fintel.io fintel.io) Classic Value sectors(S5REAS, UTIL and CONS) not hit as badly by yesterdays crash suggesting potentially value strength Failed to move over Fibonacci R1 Move to Upside: New lows not achieved in overall bullish rally Momentum indicator for day chart showing reversal to upside after tech correction Remains in upper band of parallel channel Remains above 50d MA Remains in upper band of long term Bollinger Band Most constituent stocks below price target Verdict: I believe significant tightening is in order today due to the battle between those who fail to believe tech can go any higher and those who see it as a great defensive play with both stimulus package and election uncertainty. With morning strength and movement above $115.1( AAPL ) and $208.30 ( MSFT ) a move towards 2067 is likely to occur. If significant momentum is behind this move and RSIs are not too overextended a move towards 2080 may happen however, further movement over this resistance ($210 MSFT , $116 AAPL ) will be difficult and failure will cause major selling. If selling causes the price to drop below 2067 it is unlikely a break above 2080 will occur, but with strong support, a major break with significant upside could be on the cards With morning downside watch for a drop below 2044, this will alert sellers that moves lower are possible and selling will occur to bring the price further down than yesterday. If the value falls back within the triangle it will likely move back towards yesterday's lows and settle somewhere around 2050.
SP:S5INFT
by PilotFish
IS TECH BACK?Is technology back? It's the most expensive question being asked about the markets right now. We've had the downside but hope above the parallel channel is growing larger. This analysis is mainly focused on the day traders and offers a short explanation of the current situation and strategies for a day trade on S5INFT via the TECL and TECS ETF pairs. Multiple pathways are shown with buy and sell signals clearly designated. This video is designed to be short thus an extensive analysis has been reserved for another longer video for those who want more information. Good Luck People and Stay Disciplined.
SP:S5INFTLong
by PilotFish
S&P500 IT BubbleTaking a look at the IT sector of the S&P 500, we can see a some-what bubble formation. If you look back at the DotCom Bubble you will notice the same has developed ( High, High Low, High High) before tumbling down. Same as the Bitcoin Bubble. Now, going back to this chart it has currently formed that High, High Low and High High pattern exactly the same as the Dotcom and bitcoin bubbles did which leads me to believe, the IT industry crash is imminent. As tech gets more reliable, there are more and more people who need to buy less of it as their current technological device is reliable enough. Slowing the growth of the market before eventually dropping off. Any comments or criticism is welcome.
SP:S5INFTShort
by JamesEY
1
Short: Tech's negative correlations."And it came to pass, that when the Jews which dwelt by them came, they said unto us ten times, From all places whence ye shall return unto us they will be upon you." Nehemiah 3:31 After publishing my expose` last night I found the answer behind the on going collapse in retail and the recently sky-rocketed Amazon AMZN. I will try to connect as many idea's to the chart as I can, I know I have a lot of readers out there who use track blocking which disables trading view from counting "views" when you open my publication. If not, I suppose consider it a message in a bottle. Long story short, please read the Expose` I published on the downfall of the Tech industry, linked below, and what I am about to say will make the connection feel like hindsight bias. Internet tracking and the hounding of advertisments on every electronic device known to man has hypnotized, nuerally imprinted, and convinced consumers to buy, and buy, and buy. We see one add after the next and it breaks the mind down. Throw routine out the window and I'm logging on to amazon to spend the couple bucks I had laying around my pocket because for whatever reason, I can't take it any more. Why not it's just a piece of paper. It's because we're all subconciously crying out "ENOUGH" with the ad's and tracking, and knowing everything about me. I'm done feeling like I'm starring in CSI, for cryin out loud I'm going to be talking into my lapel in the grocery store if it doesn't stop. What happens, as consumers we break down, and most often we break down at home in our own comfortable personal private way, by logging onto the computer, and ordering things online. Which only fuels the flames. As a result Amazon began offering free shipping and started an excellent return policy and it's chart shot through the roof. Whats going to burst Amazons bubble? The end of tracking, and the restoration of chivalry in the Electronics industry and in the Information Technology industry. The negative correlation it had on brick and mortar retail stores is unfathomable, stores like Sears, JCpenny, Macy's, Dillards, Nordstroms, etc. have paid the price. I will be connecting the charts to my idea, please feel free to follow, etc. for updates. Honestly, I haven't looked at retail charts in a while but I'm guessing none or close to none have made it back to the same value they were trading at before tracking began to majorly impact consumer spending. That's the next big change the we're going to witness, and what the spike in cryptocurrency was foreshadowing, not the empire of tech but the downfall of it. I'm assuming at your all familiar enough with charting to analyze my technical analysis, if not message me your questions, and pray I make time to answer them. Thank you for your time, God Bless.
SP:S5INFTShort
by TradeTerror
Expose: tracking will sink Technology, the World, + the Future"Notwithstanding they would not hear, but hardened their necks, like to the neck of their fathers, that did not believe in the Lord their God." 2Kings 17:14 I can’t stand internet tracking. It makes my life absolutely miserable, and no matter how hard I try I can’t get any privacy. The last thing I want to do is sit down at the computer with the intentions of working alone, and find that everything I do is being sent to a companies database. The worst part, some of the companies probably aren’t even located in the USA, or your home country. Privacy in itself is a major question after Edward Snowden blew the whistle on the NSA, if your not sure what I am talking about watch the movie Snowden to get your feet wet. Lets examine malicious software, and then look at the level of data that can be found and linked to ones computer. Computer viruses were a major scare in the 90’s, and even today they’re a big problem (cyber-security is a gold mind). Most people were concerned with other malicious individuals accessing personal information and exploiting them, or causing damage to their computer. That’s the 90’s in a nutshell, fast forward to the present day and malicious software is not only being pumped into our daily lives but we as a people are buying it as it’s being sold under the name, “tracking”. Goods and services are being offered free because the company gets paid from “advertising” based on ones personal information collected and sent to them. Companies like Google, who offers a million and one free apps, provide they’re service, actually all they’re services, from the claim of “tracking and advertising”; collecting peoples personal information and hounding them. As a society we’re using our daily habits as credit cards paying for things being offered to us for free by billion dollar corporations, and we’re sleeping on it. Tracking isn’t honest, if it was there would be an easy way to turn it off, but even the new Windows 10 O/S is not user friendly to disable without going into services, registry, the works, etc. I personally conducted a study to find that when I was tracked searching things online, within a couple of weeks my search results were thinner and finally the first thing on the search result was an ad for a service I had to pay for. At this point I would rather pay for the services I need, then get snooped on and cornered just for some free gimmicks here, there, and everywhere. Whats the big deal? Everything one does over the internet is traceable to the computer that it’s connected to. Information is sent in whats called packets. Lets pretend the packet is a car, the highway is the internet, and the exit’s are the internet service provider. Just like a car has a license plate, every packet of information has a unique IP address. Every time it passes through the tollbooth/internet service provider they know who’s car it is, and unless the packet is using encrypted protection they can openly see the contents. Essentially every packet of information can be tracked and recorded. Allowing trackers to embed tracing cookies is like letting them stick an extra license plate on your car allowing them to see every other piece of information you sent or received. When I learned this, my first thought was that when society learns about it, everyone is going to want to riot…………….loading………..please wait… Ok, I am going to say it one last time I have zero tolerance for internet tracking, among other things it kind of feels like I have a boss I never asked for. But lets look at it’s negative impact on the tech sector, and the technological revolution. Recap: malicious software turned into legal methods of tracking, and then was sold to the public under the disguise of personalization which now is making my life and probably yours when you realize it, an enormous failure. Getting to business; the tech sector is in a personalization bubble. AI is the bigger picture when it comes to tracking cookies and collecting peoples personal data. But the fact that everyone is missing is that the marketing tactics aren’t the underlying purpose of tracking, it’s trying to find out what new hot product to offer that will become the next Amazon or Microsoft. The bubble is primed to burst and the way technology functions now will be forced to a halt once everyone realizes how exposed their personal lives are getting. The big giants will either be ostracized into bankruptcy or be forced to re-mediate their damages and offer viable services in place of their eavesdropping. People will reject personalization for the cost they’re paying for it. AI isn’t going to make it’s breakthrough into a consumer market by offering entry level services found with claimed marketing statistics. It will enter the world through rigorous testing in the commercial environment. On top of it, ads don’t need extra attention to place in the right location, the most effective advertisement strategy is to advertise in areas where like products are offered or that are correlated with the product being advertised. Lengthy data crunching isn’t needed to realize that advertising hamburger buns next to the product ground beef is the most effective target audience. Why tracking is needed is a hoax, it’s an excuse to find methods that are immoral when it comes to penetrating the audience and into their wallet. The problem economically is that tracking is horrendous, it’s everywhere, and it’s just about impossible to disable. That being stated the length of innovation being used to frame the future is being diminished, people aren’t using the same strategies (brain power) to invent the next big commodity like the computer. Tracking up, innovation down. Hey, it's not malicious it's personal. Thank you for your time, God Bless.
SP:S5INFTEducation
by TradeTerror