# Technical Analysis of US Index and Sector ETFs

Weekly market movements and sector ETF performances analyzed.

- **Source:** [The Market's Compass Technical View](https://brifing.si/source/e7ddc832-3a0c-41cf-bd64-1316ab41418b)
- **Published:** 2026-07-20
- **Topic:** [Finance](https://brifing.si/c/finance)
- **Original article:** <https://themarketscompass.substack.com/p/the-markets-compass-us-index-and-6b0>
- **On Brifing:** https://brifing.si/s/fa1a003d-c34e-4809-8268-7ad98c6a4814

## Weekly Market Update

The Market's Compass has published its 604th weekly analysis of US index and sector ETFs. The study tracks technical indicators of 30 different index and sector ETFs on a weekly basis. Reports are normally published every three weeks and are accessible to subscribers via the Substack blog. This week's data shows a persistent underlying bid despite the market's sideways movement.

## Tracked ETFs

The analysis covers 30 different US index and sector ETFs regularly. These ETFs largely include major indices like S&P 500, Nasdaq, and Dow Jones. Sector ETFs such as technology, healthcare, finance, and energy are also monitored. Detailed technical indicators are analyzed for each ETF to provide guidance to investors.

## Technical Analysis Methods

The Market's Compass uses technical indicators like moving averages, Relative Strength Index (RSI), and volume analysis. This week's report indicates many ETFs are trading above their 50 and 200-day moving averages. Particularly, technology sector ETFs show RSI values approaching overbought territory.

## Sector Performances

Energy sector ETFs showed the strongest performance this week, supported by rising oil prices and energy company earnings. Financial sector ETFs displayed mixed performance due to interest rate expectations. Technology ETFs moved cautiously ahead of major tech companies' earnings reports.

## Overall Market Outlook

The general market outlook is described as sideways chop, but with a persistent underlying bid. This suggests investors are willing to buy at lower levels. Market participants are closely watching upcoming economic data and corporate earnings reports in the coming weeks.

## Subscription Model and Historical Data

Full access to The Market's Compass analyses requires a paid subscription. Subscribers can access all past weekly reports through the Substack platform. This archive helps investors understand long-term market trends and serves as a valuable resource for developing technical analysis strategies.

## Implications for Investors

Current technical indicators suggest volatility may continue in the short term, but the medium-term outlook remains positive. Investors are advised to pay attention to sector allocation and rebalance portfolios in light of technical indicators. Caution is particularly recommended for ETFs in overbought territory.

## Expectations for Coming Weeks

In the coming weeks, intensifying earnings season and Fed policy announcements could impact markets. Technical analysis recommends close monitoring of critical support and resistance levels. The Market's Compass will publish its next update in three weeks, evaluating new technical signals.

## Sources covering this story

- https://themarketscompass.substack.com/p/the-markets-compass-us-index-and-6b0 — 

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_Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._