XLK/SPY above the 200 WeekXLK/SPY has crossed above the 200 week moving average, secular bull market of tech is back? Might be time to get long tech to not miss the rally if it happens. Tight stop whenever tech loses its 200 week on the ratio.
XLK trade ideas
Bearish XLK: has been underperforming for a while now......made a rounding top starting December, trapped the bulls on a 3-day bullish island reversal in January. Ended up in the middle of July '24 gap down.
Negative YTD, under the VWAP from the top. It was never about NVDIA or DeepSeek news.
Indices quant zones, expression can be through nasdaq 100already have slight bull flow
in the event of a flush on market opens,
look for momentum slow and buy around these zones
expression can be through nasdaq 100
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quant zones for tracking risk on turnevery wicked lows below or near these levels are great buys
no holding through weekend to avoid WW3/other event risks
expression can be through nas100 (nasdaq 100 index)
track trump speaking in oval office
momentum still strong. wait for momentum dissipation
quant zones for tracking risk on turn
Check out our socials for some nice insights.
Let us know if there're any pair you like to see or if this is something you like.
Do ask if you have any question
Not as refined as our direct trade setups. More for advanced active traders.
information created and published doesn't constitute investment advice!
NOT financial advice
Techonology relative strenght does not look promisingAMEX:XLK XLK has been lagging and the Relative Picture agains SP:SPX does not look promising. The triangle-like pattern is not good for the sector that has been the fuel for the stock market.
Not a short view yet for me, but a cautious one.
Tech stocks looking tired, more downside probableSince having reached the area near the all time high, the ratio of XLK/SPY has been in a pullback.
It looks like this might continue until we reach the bottom of the uptrend channel from where it could resume its uptrend to complet its 5th wave higher.
MACD and RSI are showing serious bearish divergence.
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XLK - still bullish in a 5th waveSome nice Elliott Wave Fib measurements and alternation on this count and a somewhat clear wave count. Is this a possible route for this tech etf? This count suggests a bullish count but I guess the real question is how high can it go....
Double Top on Tech?Technology stocks had a strong first half but could be ending the year on a weak note. Is the sector finally losing its leadership?
Today’s chart of the SPDR Select Sector Technology Fund highlights the July 10 closing high of $237.68. XLK stalled around that same level a week ago, resulting in a potential double top on the fund.
Second, prices have slipped below October's closing high of $233.73. That stands in contrast with other big sectors like Communications, Financials and Consumer Discretionaries.
Third, relative strength in the lower study shows fading leadership in technology versus the broader market.
We end with a look at Nvidia NASDAQ:NVDA , which has been a major driver of the sector this year. Notice the sharply rising lower trendline and the higher trendline with less of an upward slope. That kind of rising wedge is a potential reversal pattern.
It could also raise the stakes headed into NVDA’s big earnings report after the closing bell next Wednesday, November 20.
Standardized Performances for the ETF mentioned above:
SPDR Select Sector Technology ETF (XLK)
1-year: +35.50%
5-years: +165.61%
10-year: +448.20%
(As of October 31, 2024)
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The best performing sectors under Trump's 1st administrationHere's the best performing sectors during Trump's 1st Presidential administration. (Nov. 2016- Nov. 2020) XLK +152% AMEX:XLY +97% AMEX:XLV +64%
Switched out long XLK to a short 220.95Ok guys that was sweet rally time get out and short again
look daily stoch rolling over look vol decreasing look candle
look watch see 50 day cross down thru 100
look weekly stoch wants to roll down
Looking for sell off in rate cut maybe down 208
Then boom rally till election
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
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.
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.
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
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.
Shorted XLK Small 217.50app.screencast.com
Look Daily under the 50 day lower highs more selling buying yes selling getting less that why I am small like see 221.68 stop drop into the 50 day ma
look weekly stoch perfect just starting this thin can drop 205 or 193
My positions on SPXL IWM XLK SQQQHey guys in video I said that it wait there more I said it twice chart updated in middle video. Enjoy comments welcomed disagree please explain TA wise if not keep to yourself
Guys markets in Trouble and its caused by tech NVDA. Be ready short
Tech vs Real World StuffTech vs Real World Stuff indexes. Trying to determine if markets are quietly rolling over.
Sector WatchSector Watch Q2 2024 view with TTCATR and FibTSI indicators.
XLK Technology
XLE Energy
XLV Health Care
XLF Financials
XLB Materials
XLY Consumer Discretionary
XLU Utilities
XLRE Real Estate
Communication Services XLC, Consumer Staples XLP, Industrials XLI.
Structure Lesson This is a mini analysis of AMEX:XLK structure. I point out structure, momentum, liquidations, and what to look for when entering longs/reversals. Follow along with the notes on the chart and back test!
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).
