Tech Staying In Neutral

Financial Research, Money Management • Jul 20, 2026 at 1:57 PM EDT

The S&P 500 Technology sector's 1.11% drop on Friday narrowly avoided an oversold reading, extending its neutral streak to 22 days.

On Friday, the Technology sector of the S&P 500 fell 1.11%, finishing just 0.05 standard deviations shy of an oversold reading. Tech has not closed more than one standard deviation below its 50-DMA since April 1st. Among the 11 sectors, only Real Estate, Industrials, and Financials are currently running longer without an oversold close.

Friday’s near miss of an oversold reading extended Tech’s streak of closes within one standard deviation of its 50-DMA, its neutral range, to 22 trading days. That is the sector’s longest such streak since a 30-day run ended on June 11, 2021, and is tied for the ninth-longest neutral streak since 1990.

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