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Tech Sector Flashes Most Negative Signal Since January Ahead Of Nvidia Earnings

By Seeking Alpha May 18, 2026 Bearish
Tech Sector Flashes Most Negative Signal Since January Ahead Of Nvidia Earnings
Technology sector momentum gauges have turned negative for the first time since January 16th, led by weakness in smaller-cap stocks. Market breadth is historically narrow, with mega-caps driving index highs while a majority of stocks have moved below their 200-day moving averages.
Technology sector momentum gauges have turned negative for the first time since January 16th, led by weakness in smaller-cap stocks. Market breadth is historically narrow, with mega-caps driving index highs while a majority of stocks have moved below their 200-day moving averages.