Europe, as I indicated in a previous posting, has had to go back to the drawing board following the Americans' decision to pull out of their joint 2016 and 2018 missions.

BBC: ??Six minutes of terror??

If XLK can pull back modestly each time it becomes overbought, the fund could find itself back in bull market territory without drawing the suspicions of traders looking to sell strength before the fund climbs back above its 200-day moving average.

FORBES: Weakness In Apple Makes It Tough On Tech ETF