Always consider hidden risks
SP500 Technology Bull% Index: The Apple Experiment - AAPL ?
 August 6 ​( From Stockcharts  )
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The Situation

​​​The main technical indicators like the moving average of the Bullish
​Percentage ​Index ​of the Technology Sector are turning with the least
​bullish conviction ​since ​October 29 2014 as shown by the chart below.

That % indicator on Technology Stocks 7 DMA is at a level of 43.25%
​treshold last seen in October 2014 ( spot index now at 48.61%);
​it is getting into ​the ​oversold level as history suggest. See chart below.

​​The Information Technology weighting within the SPDR SP500 ETF
​is ​16.10% and Apple Shares are 3.57%. Not Surprise to see that continued fall in Sentiment on the Technology Sector as Apple Shares are in a down move since since July 22 2015. ( Bottom Chart Thick Black Line ).

Observe the divergence between the sentiment for the Technology Sector since the end of June 2015: XLK ETF higher in price til mid-July as sentiment crashed: a divergence indeed as you may see​ in the chart below...

Also, the XLK Sector broke on the upside the 50 DMA ( Day Moving Average ) on August 5 at 42.47​, another Bullish Reversal Sign Indeed as shown by the Botttom Chart Below ( Bottom Chart - Blue Line ).

SP500 Technology Bull% Index: The Apple Experiment - AAPL ?  $SPY, $XLK, $AAPL ​​​#aapl ​​​#xlk ​​​#sp500
SP500 Technology Bullish % Index ( Top Panel - Dots - Red Line )
7 DMA ( Blue Line )
SP500 Index ( Middle - Panel Black Line )​
XLK ETF ( Bottom Panel )​​

Apple Shares ( Bottom Panel )​