XLK – Technology ETF on a nice up trend

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XLK is a technology ETF (Exchange Traded Fund). The top 20 holding as of Sept 4, 2009 are listed follow:

Technolgy stocks normally bring the economy out of recession and performs better during the early economy recovery. It is impossible to buy those technology stocks individually because those stocks are very expensive. As of Sept 4, 2009, Microsoft cost $24.62 per share, Apple cost $170.31 per share, Google cost $461.1 per share!!  However, we can invest in these nice technolgy stocks by investing in Technology ETF for long term especially during this economy recovery. XLK is currently on a nice up trend and we can accumulate the stocks when there is a dip.
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Momentum play with Freddie Mac (FRE) and Fannie Mae (FNM)

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FRE & FNM have been heavily traded recently and this is a very good chance to do momentum investment. Both charts are very similar which showing “higher previous high, higher previous low” kind of up trend.

FRE has a $1.718 support line (61.8% Fibonacci Retracement)

FNM has a $1.472 support line (61.8% Fibonacci Retracement)

Both charts are currently bearish divergence and need to wait for MACD to cross the red signal line to enter the trade.

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