When the Price of Spdr Consumer Discret Select $XLY Talks, People Listen

August 25, 2023, 01:00 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for XLY

• Buy XLY slightly over 158.58 target 172.15 stop loss @ 158.12 Details

The technical summary data tells us to buy XLY near 158.58 with an upside target of 172.15. This data also tells us to set a stop loss @ 158.12 to protect against excessive loss in case the stock begins to move against the trade. 158.58 is the first level of support below 162.84 , and by rule, any test of support is a buy signal. In this case, support 158.58 is being tested, a buy signal would exist.

• Short XLY slightly under 172.15, target 158.58, stop loss @ 172.65 Details

The technical summary data is suggesting a short of XLY as it gets near 172.15 with a downside target of 158.58. We should have a stop loss in place at 172.65though. 172.15 is the first level of resistance above 162.84, and by rule, any test of resistance is a short signal. In this case, if resistance 172.15 is being tested, a short signal would exist.

Swing Trading Plans for XLY

• Buy XLY slightly over 164.42, target 172.15, Stop Loss @ 163.95 Details

If 164.42 begins to break higher, the technical summary data tells us to buy XLY just slightly over 164.42, with an upside target of 172.15. The data also tells us to set a stop loss @ 163.95 in case the stock turns against the trade. 164.42 is the first level of resistance above 162.84, and by rule, any break above resistance is a buy signal. In this case, 164.42, 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 164.42, target 160.95, Stop Loss @ 164.89. Details

The technical summary data is suggesting a short of XLY if it tests 164.42 with a downside target of 160.95. We should have a stop loss in place at 164.89 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, 164.42, 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 164.42, target 166.36, Stop Loss @ 164.04 Details

If 164.42 begins to break higher, the technical summary data tells us to buy XLY just slightly over 164.42, with an upside target of 166.36. The data also tells us to set a stop loss @ 164.04 in case the stock turns against the trade. 164.42 is the first level of resistance above 162.84, and by rule, any break above resistance is a buy signal. In this case, 164.42, 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 164.42, target 160.95, Stop Loss @ 164.8. Details

The technical summary data is suggesting a short of XLY if it tests 164.42 with a downside target of 160.95. We should have a stop loss in place at 164.8 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, 164.42, 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 August 25:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	145.36
P2	164.25	160.95	158.58
P3	166.36	164.42	172.15

AI Generated Signals for XLY

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

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.