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XLK daily chart - technology sector
* XLK - technology - the 55-day ema provided support for most of the Thursday and Friday intraday price action ... with the 89-day ema a distance below the 55-day ema...BUT the end of day price action on Friday, November 18, 2011, closed slightly below the 55-day ema
* the $25.07 major horizontal price level remains unbroken for a string of days since mid-October as of November 18, 2011
KRE - Regional Banking
* KRE has not yet attempted to closely approach its 55-day ema
XLY - Consumer Discretionary Sector
$38.10 to $37.05 horizontal zone needs to hold for support during the current price action, and a future failure to remain in the upper boundary of this price zone will represent a red flag for the bulls
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* XLK - technology - the 55-day ema provided support for most of the Thursday and Friday intraday price action ... with the 89-day ema a distance below the 55-day ema...BUT the end of day price action on Friday, November 18, 2011, closed slightly below the 55-day ema
* the $25.07 major horizontal price level remains unbroken for a string of days since mid-October as of November 18, 2011
KRE - Regional Banking
* KRE has not yet attempted to closely approach its 55-day ema
XLY - Consumer Discretionary Sector
$38.10 to $37.05 horizontal zone needs to hold for support during the current price action, and a future failure to remain in the upper boundary of this price zone will represent a red flag for the bulls
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