
ETF Report – Tech ETFs Extend on Market Leading Rally – More Flag/Pennant Breakouts
Large-caps and tech stocks continue to lead the market with SPY and QQQ notching new highs. The Technology SPDR, Communication Services SPDR and Industrials SPDR also hit new highs, and the Finance SPDR is not far off. The leaders consolidated in late May and broke out in early June. We then saw consolidations form in the next