🏆 Today's Chart of the Day was shared by Frank Cappelleri (@FrankCappelleri).
- The Technology Sector ($XLK) has fallen in four of the past five sessions after snapping a record-tying 13-day winning streak last Wednesday.
- Frank notes that this has been the worst five-day period for Tech since the April selloff, with $XLK shedding -6.3%. It failed to reach new highs with the S&P 500 last week, and it’s now down -0.8% in Q4.
- Micron ($MU) reports earnings after the bell today. It’s only the 10th-largest holding in $XLK, but it’s still a near-term catalyst for a reversal or continued selling. If the largest sector continues to see profit-taking into year-end, it will set a bearish tone for the major indices in 2026.
The Takeaway: Tech went from a 13-day winning streak to a five-day losing streak, but more importantly, this has been the weakest five-day stretch since April as we enter a historically bullish time of year.
