US technology may have more room for rallying. S & P's IT Index reached record highs on August 31, as well as the SPDR ETF Technology Segment. Both the S5INFT and the ETF have reached the highest S & P 500 ratio since 2001.
SPDR technology was withdrawn in the last month from a "consolidation market" and moved closer to a new cycle high last week on an absolute and relative basis, indicating a resumption of advance growth in the sector.
Source: Bloomberg Pro Terminal
Trader I. Ivanov
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