Spdr Semiconductors Etf ($XSD) Trading Report

November 18, 2023, 19:15 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for XSD

• Buy XSD slightly over 183.65 target 204.42 stop loss @ 183.12 Details

The technical summary data tells us to buy XSD near 183.65 with an upside target of 204.42. This data also tells us to set a stop loss @ 183.12 to protect against excessive loss in case the stock begins to move against the trade. 183.65 is the first level of support below 198.01 , and by rule, any test of support is a buy signal. In this case, support 183.65 would be being tested, so a buy signal would exist.

• Short XSD slightly under 204.42, target 183.65, stop loss @ 205.01 Details

The technical summary data is suggesting a short of XSD as it gets near 204.42 with a downside target of 183.65. We should have a stop loss in place at 205.01though. 204.42 is the first level of resistance above 198.01, and by rule, any test of resistance is a short signal. In this case, if resistance 204.42 is being tested, so a short signal would exist.

Swing Trading Plans for XSD

• Buy XSD slightly over 201, target 204.42, Stop Loss @ 200.42 Details

If 201 begins to break higher, the technical summary data tells us to buy XSD just slightly over 201, with an upside target of 204.42. The data also tells us to set a stop loss @ 200.42 in case the stock turns against the trade. 201 is the first level of resistance above 198.01, and by rule, any break above resistance is a buy signal. In this case, 201, 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 XSD slightly near 201, target 193.67, Stop Loss @ 201.58. Details

The technical summary data is suggesting a short of XSD if it tests 201 with a downside target of 193.67. We should have a stop loss in place at 201.58 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, 201, 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 XSD

• Buy XSD slightly over 201, target 204.16, Stop Loss @ 200.53 Details

If 201 begins to break higher, the technical summary data tells us to buy XSD just slightly over 201, with an upside target of 204.16. The data also tells us to set a stop loss @ 200.53 in case the stock turns against the trade. 201 is the first level of resistance above 198.01, and by rule, any break above resistance is a buy signal. In this case, 201, 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 XSD slightly near 201, target 197.76, Stop Loss @ 201.47. Details

The technical summary data is suggesting a short of XSD if it tests 201 with a downside target of 197.76. We should have a stop loss in place at 201.47 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, 201, 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 Semiconductors Etf (XSD) available here: XSD.

XSD Ratings for November 18:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	183.65
P2	197.76	193.67	204.42
P3	204.16	201	225.71

AI Generated Signals for XSD

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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 Semiconductors Etf (NYSE: XSD) 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 XSD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if XSD 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 XSD too.  All of these are offered below the Summary Table.