XLK

XLK – the Technology Select Sector SPDR Fund – has been trading mostly above its 10-day exponential moving average since the beginning of January. Right now XLK is trading strongly up and above its 20- and 50- day exponential moving average.

During the same period XLK’s MACD is moving up and above its signal line.

What is more, XLK’s Relative Strength has been also trending up and above its ascending 20-day exponential moving average since the beginning of February.