When Spdr Consumer Discret Select ($XLY) Moves Investors should Listen
April 20, 2023, 22:30 pm ET, BY David D.- 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 145.76 , 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 145.76, 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 148.63, target 148.99, Stop Loss @ 148.2 Details
If 148.63 begins to break higher, the technical summary data tells us to buy XLY just slightly over 148.63, with an upside target of 148.99. The data also tells us to set a stop loss @ 148.2 in case the stock turns against the trade. 148.63 is the first level of resistance above 145.76, and by rule, any break above resistance is a buy signal. In this case, 148.63, 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 148.63, target 145.61, Stop Loss @ 149.06. Details
The technical summary data is suggesting a short of XLY if it tests 148.63 with a downside target of 145.61. We should have a stop loss in place at 149.06 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, 148.63, 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 146.29, target 148.26, Stop Loss @ 145.95 Details
If 146.29 begins to break higher, the technical summary data tells us to buy XLY just slightly over 146.29, with an upside target of 148.26. The data also tells us to set a stop loss @ 145.95 in case the stock turns against the trade. 146.29 is the first level of resistance above 145.76, and by rule, any break above resistance is a buy signal. In this case, 146.29, 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 146.29, target 145.61, Stop Loss @ 146.63. Details
The technical summary data is suggesting a short of XLY if it tests 146.29 with a downside target of 145.61. We should have a stop loss in place at 146.63 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, 146.29, 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 April 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
119.30 |
| P2 |
146.29 |
145.61 |
134.52 |
| P3 |
148.26 |
148.63 |
148.99 |
AI Generated Signals for XLY
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Spdr Consumer Discret Select (NYSE: XLY) report below is a real world example. Included are trading plans for XLY, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for XLY:
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