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Technology's gains today on an Equal-weighted basis are +0.45%, which are swamping the +0.11% seen in XLK today. Thus, while stocks like MPWR-4.79% , NOW-2.34% , WDC-1.94% , NVDA-3.00%  are down more than 1%, the Technology sector is actually outperforming the ^SPX-1.50%  today, thanks to a strong showing from ON-6.83% , TRMB-3.18% , ACN-2.22% , SNPS-1.88%  and PANW0.34%  which are all higher by more than 1.75%. Technology as a sector is just exceeding prior lows from mid-March after yesterday's successful breakout above late April peaks. This is a very bullish move for Tech, and should help this group continue higher on an absolute basis. As discussed, Tech also remains an Overweight and likely will start to outperform ^SPX-1.50%  as Treasury yields begin to fall at a bit quicker pace