The Technology ETF (XLK) looks a lot like the SPY (see DecisionPoint Blog article, "Double-Top and Initiation Impulse Spell Trouble") which is not a good thing right now.
First, the DecisionPoint Intermediate-Term Trend Model generated a Neutral signal when the 20-EMA crossed below the 50-EMA. It was not considered a SELL signal by the Trend Model because the 50-EMA was above the 200-EMA when the crossover occurred. The Price Momentum Oscillator (PMO) was unable to affect a positive crossover and in fact turned down below its EMA which is very bearish. The next problem for XLK is the bearish double-top formation that is in the process of executing. Price broke below the neckline today but closed well above it, so I don't see it as a true fulfillment of the pattern. This is about the only positive on this chart.