Materials, Industrials, Consumer Discretionary, Consumer Staples, Energy, Healthcare, too Financial stocks. Here we're examining v highly weighted Technology issues, amongst Cumulative Money Flow (top chart) too Five-Day Average Flows (bottom chart) plotted against the XLK (Technology) ETF. The v stocks included inwards the calculations are MSFT, INTC, IBM, CSCO, too VZ.
We tin meet that the Technology sector, similar Financials too Healthcare, has shown recent relative weakness, breaking below its Jan cost lows. Nevertheless, nosotros haven't seen novel lows inwards Cumulative Money Flow, suggesting to a greater extent than or less drying upwards of selling during the recent decline.
The lessened selling, however, has non translated into aggressive buying. We are exclusively modestly off the recent cost lows, too five-day coin flows convey remained negative. As amongst too then many of the other sectors, we've yet to meet sustained buying involvement that would Pb us to hold off a major modify of trend.
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