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SPDR Select Sector Fund - TechnologySPDR Select Sector Fund - TechnologySPDR Select Sector Fund - Technology

SPDR Select Sector Fund - Technology

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XLK trade ideas

XLK To $144Daily chart created negative divergence with PPO. Typically that indicates weakness in the trend. Interestingly this happens to be at the upper boundary of the channel that has developed back in 2020. Unless price bounces back this afternoon or tomorrow morning, it’s reasonable to expect some sort of the pull back. Most logical level would be just below $144 where price made previous higher high. This retest if prior highe would completely make sense from technical perspective. AAPL update: since AAPL is big part of XLK it would mean we can see a bit of a pullback in stock as well. I previously posted price target of $130 to be reached. Not as confident in $130 at the moment, although it could definitely be reached, but $134 would be very doable.
AMEX:XLKShort
by Otradehouse
$XLK Technology Sector ETF Bull Trend Returns!$XLK #Technology Sector ETF #Tech officially back in bull market? 🚀 Price has closed above 2nd SuperTrend resistance, a strong indication of possible start of next bull trend with no overhead resistance (Intermediate term). Lets observe #VCCB indicator for strength of buying volume and trend continuation over the next few days. Relative Strength (RS) line rising. Take note this is totally different from RSI (Relative Strength Index). We use RS to measure if an asset is outperforming a benchmark. The SPY is used as benchmark for this chart example. An RS line that turns green and sloping upwards generally indicates the asset has stronger strength (outperforming the benchmark). Also take note in strong upward trending markets, Oscillators can remain overbrought for prolong periods. It will be good time to find swing trade opportunities in many Technology stocks. 💡IMPORTANT DISCLAIMER: All Information, Commentaries and Opinions shared in this group are purely for educational and entertainment purposes and ARE NOT recommendations to buy or sell any stock, security, or asset. Please do your own research and due diligence, and exercise your own discretion for all trading and investment decisions.
AMEX:XLKLong
by PeterSG
$XLK (Technology sector) - bearish bias.$XLK (Technology sector) - bearish bias. Prices has seen a pullback to 100ema on the daily chart where it should find support. (a further retrace to 200ema still possible). Wait for reversal confirmation if you are still planning to enter Tech plays such as $TSLA, $AAPL , $AMZN, $FB, $BABA, $MSFT $ARKK . 2 other Market sectors still have more room for UPSIDE! . If you like to see more analysis, do "like" and fill in comments "MORE", so that I know there are people interested, and I will post more info on other sectors! . Happy Trading and Investing! Cheers! . #Charting #TechnicalAnalysis #SectorRotationStrategy #MarketPerformance #Investment #petersinguili . $XLY $XLE $XLV $XLI $XLB $XLRE $SPY $XME $XOP $TLT $SPY $QQQ
AMEX:XLKShort
by PeterSG
Very hard to trade XLK and the QsThe market is still giving conflicting signals about the tech sectors. Even though many individual stock got cut in half already from the high, the XLK and QQQ are still holding up relatively well. When will we see the big down move or are we going to see it at all is even one's guess. OBV (on the 3 day chart) and CMF on the daily (and 3 days, etc.) are still bullish while the MACD and AO are showing bearish divergence. (daily and 3 day) One interesting notes, the StocRSI is showing hidden divergence and this might be a good sign for the bulls. Bulls and Bears are still fight for grounds at the moment. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
AMEX:XLK
by hanzhao311