So if we do some quick math, we realize that XLK is going to be heavily influenced by those top 10 tech giants. But that also means there could be smaller stocks within this ETF that could have their own, individual bullish moves. It would not move the index ETF much. But if the stock is what one owns, not the ETF, that doesn’t matter.But XLK’s predicament in a technical fashion is not necessarily that of all of its component stocks. While it contains more than 70 large-cap tech stocks, just 10 of them acco ...