Spdr S&p Midcap 400 $MDY Trading Report

September 19, 2023, 07:45 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MDY

• Buy MDY slightly over 458.69 target 481.54 stop loss @ 457.37 Details

The technical summary data tells us to buy MDY near 458.69 with an upside target of 481.54. This data also tells us to set a stop loss @ 457.37 to protect against excessive loss in case the stock begins to move against the trade. 458.69 is the first level of support below 467.76 , and by rule, any test of support is a buy signal. In this case, support 458.69 would be being tested, so a buy signal would exist.

• Short MDY slightly under 481.54, target 458.69, stop loss @ 482.93 Details

The technical summary data is suggesting a short of MDY as it gets near 481.54 with a downside target of 458.69. We should have a stop loss in place at 482.93though. 481.54 is the first level of resistance above 467.76, and by rule, any test of resistance is a short signal. In this case, if resistance 481.54 is being tested, so a short signal would exist.

Swing Trading Plans for MDY

• Buy MDY slightly over 476.34, target 481.54, Stop Loss @ 474.96 Details

If 476.34 begins to break higher, the technical summary data tells us to buy MDY just slightly over 476.34, with an upside target of 481.54. The data also tells us to set a stop loss @ 474.96 in case the stock turns against the trade. 476.34 is the first level of resistance above 467.76, and by rule, any break above resistance is a buy signal. In this case, 476.34, 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 MDY slightly near 476.34, target 465.79, Stop Loss @ 477.72. Details

The technical summary data is suggesting a short of MDY if it tests 476.34 with a downside target of 465.79. We should have a stop loss in place at 477.72 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, 476.34, 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 MDY

• Buy MDY slightly over 468.18, target 471.90, Stop Loss @ 467.09 Details

If 468.18 begins to break higher, the technical summary data tells us to buy MDY just slightly over 468.18, with an upside target of 471.90. The data also tells us to set a stop loss @ 467.09 in case the stock turns against the trade. 468.18 is the first level of resistance above 467.76, and by rule, any break above resistance is a buy signal. In this case, 468.18, 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 MDY slightly near 468.18, target 465.79, Stop Loss @ 469.27. Details

The technical summary data is suggesting a short of MDY if it tests 468.18 with a downside target of 465.79. We should have a stop loss in place at 469.27 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, 468.18, 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 Spdr S&p Midcap 400 (MDY) available here: MDY.

MDY Ratings for September 19:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	458.69
P2	468.18	465.79	481.54
P3	471.90	476.34	503.67

AI Generated Signals for MDY

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Trading or Investing in Spdr S&p Midcap 400 (NYSE: MDY) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MDY change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MDY is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MDY too.  All of these are offered below the Summary Table.