The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK (
The technology ETF continues to trade to new highs, while utilities provide the safety of dividends.
The technology ETF continues to trade to new highs on strong technical momentum, while utilities provide the protection of dividends -- this defines a barbell strategy.
The technology ETF continues to lead the 11 S&P 500 sector ETFs, thanks to continuing all-time intraday highs for its largest component, Apple.
Technology is the only one of 11 S&P 500 sector ETFs to show consistent leadership, thanks to Apple, Microsoft, Facebook and Alphabet.