Overtime

ETF check-up

Good morning,

Today’s report is a good, old-fashioned chart book.

As previewed in yesterday’s Playbook, we’ll look at all 11 S&P 500 sectors and more than 20 thematic and industry-focused ETFs.

Few words. Lots of charts.

Let’s get into it!

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Technology

Tech sector breaks support to start the week

VGT rallied intraday but it needs to reclaim $609 for it to mean anything.

False breakout for semiconductors. Now support has to hold

$242 followed by $235 are the downside levels to watch. #2 holding in SMH, Taiwan Semi reports Thursday before the bell.

Cyber stocks (CIBR) holding in well

Invesco Next Gen Media and Gaming ETF holding relative support

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Consumer Discretionary

A lot of election gaps being filled lately

But XLY would have to fall an additional 8% to fill its gap.

Retail stocks (XRT) below the key $80 level