04/03 – 04/07 Technology

QQQ   XLK

In despite of fact that most sectors are weak, last week we have sow strenght in QQQ making new HH, but XLK are laging. This is why I will be neutral next week about technology in general and take action only after a new pivot.

The prior pivots for trading this week are $132.74 and $129.38 on QQQ ($53.66 – $52.17 for XLK) . Stay neutral and watch if we hold or broke $129.38 . If we broke and hold below $129.38 watch for follow through to $127.75 trading weak stocks. If bulls build up power, stay bullish and try to play this buying pullins in strong stocks or trade best acting of them.

 

 

 

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