XLK: Cautious On Tech

Apple (AAPL) excluded, tech stocks look awful right now. Apple continues to churn along but should it break TREND support at any time, the sector will go to hell in a handbasket very quickly. The Technology SPDR (XLK) is trading below its TRADE and TREND lines of support and could easily break its TRADE support this week.

While technology isn’t as bad as industrials (mostly thanks to Apple), it’s a sector to keep an eye on should the market trend weaker.

XLK: Cautious On Tech  - XLK techbreakdown