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When Spdr Consumer Discret Select ($XLY) Moves Investors should Listen

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
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AI Generated Signals for XLY

XLY Long Term Analysis for April 20 2023

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