When the Price of Spdr Consumer Discret Select $XLY Talks, People Listen
March 13, 2023, 10:30 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for XLY
- Buy XLY slightly over 134.52 target 148.99 stop loss @ 134.13 Details
The technical summary data tells us to buy XLY near 134.52 with an upside target of 148.99. This data also tells us to set a stop loss @ 134.13 to protect against excessive loss in case the stock begins to move against the trade. 134.52 is the first level of support below 137.245 , and by rule, any test of support is a buy signal. In this case, support 134.52 is being tested, a buy signal would exist.
- Short XLY slightly under 148.99, target 134.52, stop loss @ 149.42 Details
The technical summary data is suggesting a short of XLY as it gets near 148.99 with a downside target of 134.52. We should have a stop loss in place at 149.42though. 148.99 is the first level of resistance above 137.245, and by rule, any test of resistance is a short signal. In this case, if resistance 148.99 is being tested, a short signal would exist.
Swing Trading Plans for XLY
- Buy XLY slightly over 139.56, target 143.85, Stop Loss @ 139.16 Details
If 139.56 begins to break higher, the technical summary data tells us to buy XLY just slightly over 139.56, with an upside target of 143.85. The data also tells us to set a stop loss @ 139.16 in case the stock turns against the trade. 139.56 is the first level of resistance above 137.245, and by rule, any break above resistance is a buy signal. In this case, 139.56, 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 XLY slightly near 139.56, target 134.52, Stop Loss @ 139.96. Details
The technical summary data is suggesting a short of XLY if it tests 139.56 with a downside target of 134.52. We should have a stop loss in place at 139.96 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, 139.56, 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 XLY
- Buy XLY slightly over 137.82, target 139.56, Stop Loss @ 137.5 Details
If 137.82 begins to break higher, the technical summary data tells us to buy XLY just slightly over 137.82, with an upside target of 139.56. The data also tells us to set a stop loss @ 137.5 in case the stock turns against the trade. 137.82 is the first level of resistance above 137.245, and by rule, any break above resistance is a buy signal. In this case, 137.82, 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 XLY slightly near 137.82, target 134.52, Stop Loss @ 138.14. Details
The technical summary data is suggesting a short of XLY if it tests 137.82 with a downside target of 134.52. We should have a stop loss in place at 138.14 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, 137.82, 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 Consumer Discret Select (XLY) available here: XLY.
XLY Ratings for March 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
119.30 |
| P2 |
137.82 |
139.56 |
134.52 |
| P3 |
139.90 |
143.85 |
148.99 |
AI Generated Signals for XLY
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Spdr Consumer Discret Select (NYSE: XLY) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for XLY can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for XLY:
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