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Video – Tech ETFs Lead, but Extended – CIBR Short-term Relative Weakness

Report Headlines

  • Tech ETFs Lead, but Very Extended 
  • MAGS, AIQ, ARTY, ARKF, ARKK,, SMH and IGV
  • CIBR Show Short-term Relative Weakness

XLK is up 26% since May (~3 months)

MAGS is still Holding above the Chandelier Exit

AIQ is in a Leading Uptrend with Support in the low 40s

ARTY is 19% above its 200-day SMA

ARKF is up 49% since May

ARKK Is up almost 100% since early April

ARKK Is up almost 100% since early April

Broken Resistance turns Support in the 260-270 Area

IGV Support is set in the 100-105 Area

CIBR Shows Short-term Weakness with a Lower High in July

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