Spdr Consumer Discret Select (XLY) Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for XLY
  • Buy XLY over 178.17 target 184.25 stop loss @ 177.66 Details
  • The technical summary data tells us to buy XLY near 178.17 with an upside target of 184.25. This data also tells us to set a stop loss @ 177.66 to protect against excessive loss in case the stock begins to move against the trade. 178.17 is the first level of support below 182.74 , and by rule, any test of support is a buy signal. In this case, support 178.17 would be being tested, so a buy signal would exist.

  • Short XLY under 184.25, target 178.17, stop loss @ 184.78 Details
  • The technical summary data is suggesting a short of XLY as it gets near 184.25 with a downside target of 178.17. We should have a stop loss in place at 184.78though. 184.25 is the first level of resistance above 182.74, and by rule, any test of resistance is a short signal. In this case, if resistance 184.25 is being tested, so a short signal would exist.

Swing Trading Plans for XLY
  • Buy XLY over 183.10, target 184.25, Stop Loss @ 182.57 Details
  • If 183.10 begins to break higher, the technical summary data tells us to buy XLY just over 183.10, with an upside target of 184.25. The data also tells us to set a stop loss @ 182.57 in case the stock turns against the trade. 183.10 is the first level of resistance above 182.74, and by rule, any break above resistance is a buy signal. In this case, 183.10, 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 near 183.10, target 178.17, Stop Loss @ 183.63. Details
  • The technical summary data is suggesting a short of XLY if it tests 183.10 with a downside target of 178.17. We should have a stop loss in place at 183.63 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, 183.10, 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 over 183.10, target 183.74, Stop Loss @ 182.67 Details
  • If 183.10 begins to break higher, the technical summary data tells us to buy XLY just over 183.10, with an upside target of 183.74. The data also tells us to set a stop loss @ 182.67 in case the stock turns against the trade. 183.10 is the first level of resistance above 182.74, and by rule, any break above resistance is a buy signal. In this case, 183.10, 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 near 183.10, target 182.00, Stop Loss @ 183.53. Details
  • The technical summary data is suggesting a short of XLY if it tests 183.10 with a downside target of 182.00. We should have a stop loss in place at 183.53 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, 183.10, 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.

XLY Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Neutral Neutral Strong
P1 0 0 178.17
P2 182.00 183.10 184.25
P3 183.74 185.80 190.06

XLY Long Term Analysis for September 15 2021


XLY Swing Trading Analysis for September 15 2021


XLY Day Trading Analysis for September 15 2021

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Spdr Consumer Discret Select (NYSE: XLY) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for XLY 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 XLY 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 XLY too.  All of these are offered below the Summary Table.

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