(XLK) Trading Report

Longer Term Trading Plans for XLK

• Buy XLK near 220.93 target 237.74 stop loss @ 220.29 Details

The technical summary data tells us to buy XLK near 220.93 with an upside target of 237.74. This data also tells us to set a stop loss @ 220.29 to protect against excessive loss in case the stock begins to move against the trade. 220.93 is the first level of support below 230.91 , and by rule, any test of support is a buy signal. In this case, support 220.93 is being tested, a buy signal would exist.

• Short XLK slightly under 237.74, target 220.93, stop loss @ 238.43 Details

The technical summary data is suggesting a short of XLK as it gets near 237.74 with a downside target of 220.93. We should have a stop loss in place at 238.43though. 237.74 is the first level of resistance above 230.91, and by rule, any test of resistance is a short signal. In this case, if resistance 237.74 is being tested, a short signal would exist.

Swing Trading Plans for XLK

• Buy XLK slightly over 232.61, target 237.74, Stop Loss @ 231.94 Details

If 232.61 begins to break higher, the technical summary data tells us to buy XLK just slightly over 232.61, with an upside target of 237.74. The data also tells us to set a stop loss @ 231.94 in case the stock turns against the trade. 232.61 is the first level of resistance above 230.91, and by rule, any break above resistance is a buy signal. In this case, 232.61, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short XLK slightly near 232.61, target 228.07, Stop Loss @ 233.28. Details

The technical summary data is suggesting a short of XLK if it tests 232.61 with a downside target of 228.07. We should have a stop loss in place at 233.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 232.61, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for XLK

• Buy XLK slightly over 232.61, target 234.33, Stop Loss @ 232.07 Details

If 232.61 begins to break higher, the technical summary data tells us to buy XLK just slightly over 232.61, with an upside target of 234.33. The data also tells us to set a stop loss @ 232.07 in case the stock turns against the trade. 232.61 is the first level of resistance above 230.91, and by rule, any break above resistance is a buy signal. In this case, 232.61, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short XLK slightly near 232.61, target 230.78, Stop Loss @ 233.15. Details

The technical summary data is suggesting a short of XLK if it tests 232.61 with a downside target of 230.78. We should have a stop loss in place at 233.15 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 232.61, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Technology Select Sector Spdr Etf (XLK) available here: XLK.

XLK Ratings for May 31:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	200.29
P2	230.78	228.07	220.93
P3	234.33	232.61	237.74

AI Generated Signals for XLK

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