Weekly MOTR Report (WMR): “Tech Pausing, Energy & Materials Picking Up Slack.”


  • The Tech sector continues to languish, with breadth deterioration taking hold despite continued new highs in 2024 for the Tech ETF (XLK)
  • While cracks in the foundation of such an important leader can be a clear warning, we think it is not.
  • First, the sector's trend condition in higher timeframes remains quite strong.
  • Second, as Tech slips, other cyclical sectors, Energy and Materials in particular, have risen to take its place.
  • As long as the market's. . .

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