Highlights
- 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. . .
