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SPDR Select Sector Fund - Technology

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XLK trade ideas

Long XLK 206.35 Target 240Look daily chart look stoch on bottom turning up. Look candle saying buyers came in see the wick on daily candle, Vol not bad still more sellers. Nice swing trade long 240. Know the kicker we rallied on AI like madness rallied on Rate Cuts well gonna get them so rumor cut fact sell so they sold into it like I said it would fed cut means economy hmm not doing well and its not guys and the cuts creates inflation labor jobs suck inflation high defect out control getting worse banks broke about collapse More tech lay offs coming. So I see after election after xmas 2025 or after election a major a major CRASH in tech and market I mean Major shits going to hit fan wont happen during election guys listen to charts banks are BROKE. For know riding the train up. Also the cut PLAY PLAY GLD gold higher dollar crashes. So Bull its about over enjoy 2024 last attempt 600
AMEX:XLKLong
by john12
3
XLK Crossover IdeaAMEX:XLK Standard crossover idea: Buying at open so long as we open or push above yesterdays close. Looking at an Oct contract Oct18 215c for roughly 9.7 (I'll try to buy at the mid) Using the ATR of 5.7 - SL: 215.89 (just below YLOD and 100d SMA) TP1: 227.37 resistance TP2: 232.17 supply zone test TP3: 238.12 ATH's test Max Date: Market open of 9/25/24 **As always, if targets are not met by max date, I will exit full no matter the p/l. Also keep in mind that there are certainly more catalysts ahead next week with the rate decision.
AMEX:XLK
by D_Rockefeller
Short XLK @ the 50 day ma 221.28Hey guys what a week huh SPY target was 454 then they came out with saying the consumer u and I are resilient and Walmart rallied cause U and I are going their instead other stores cause why it cheap u clowns and last week 4 small banks come out say they are 4 billion in debt no one paying it back lot on car loans etc. So lets see how far we pull back or see do we give it all back their is a very very good chance we do hit 91 again XLK . Shorted why lower highs and vol heading down as we go into the 50 day MA. Know this can go higher how stock buy backs lets just see though we drop from here that gonna make another lower high on all indices. Comments welcome I like to thank all that follow me I try give best TA information I can I would not be buying up here I swing trade.
AMEX:XLKShort
by john12
1
XLK - possible opportunity but don't plant all your seed at onceTime to start accumulating some XLK? I think so. With the 200-day on the yearly chart being breached, I believe this a good entry point. Buyer be aware, painful times may be ahead. Going with weekly purchases on this one for dollar cost averaging. Quick spike up my result in a quick sell on my end but I’ll also welcome ongoing movement down. From a technical standpoint, the last time XLK breached the 200-day was August 5th. It quickly recovered. From a guessing standpoint, I don’t see this happening again. I’m thinking a sideways movement from here until November (excellent candidate for the wheel) or more downward pressure. Beyond this current area, next major support is the $190ish range. I added Volume Profile to the chart. Still learning this one but wanted to leave it on. Comments are welcomed as to what you see, especially with Volume Profile. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained in this post is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation
AMEX:XLK
by DrConservative
XLK vs SPY shows key break throughThe tech sectors sell off we experienced over the past month looks to be coming to a close In multiple tech giant ETFS (XLK and SMH) are seeing breakthoughs of the past months violent sell off comparing XLK/SPY we see that the recent downtrend has broken The pair setup had reached level of support which it hit this time last year Since September is typically a rough month we should not expect any big rallies during the next month or so. Do not expect any rally to start until atleast October possibly early November Anticipate market trades flat overall for next month or so.
AMEX:XLKLong
by ratchet-mint
XLK Price Momentum DivergenceTech printed a triple divergence on a daily timeframe today between price and MACD, with a bearish engulfing candle close. Even if today's high holds, we are likely to see a retrace higher of this downside move in the first half of next week. Assuming the high holds, we are likely to see a pullback to the 50MA around ~ 200, or 3.5% lower than today close. A re-connect with the 200MA around 180 is not out of the question which would see price drop another 12-13%. The recent examples of similar occurrences of price and momentum divergences are December (50MA test) and last July (200MA test).
AMEX:XLK
by CycleTargets
Insights into Market Analysis: SPDR XLK Sector trend analysisThe upward trend of XLK experienced a halt in mid-April, marked by a price breakout below the swing low at $197.3. By retracing the price action from January 2022 to October 13, 2022, a potential pattern emerges, suggesting the formation of a 'Head & Shoulders' reversal pattern. XLK had been on an upward trajectory from October 2022 until April 2024, largely driven by the robust performance of the tech sector. However, with the application of sector rotation principles, it appears that XLK is exhibiting signs of technical weakness. Currently, other sectors such as XLE and XLU are demonstrating stronger performance compared to the overall market.
AMEX:XLKShort
by MESHANL