SELECT SECTOR SPDR TRUST

XLK NYSE ARCA & MKT

drewby4321

For Growth Investors, there were a few shocking days over the past months where the indexes went up but our portfolios went sideways or down. There's no worse feeling than having the market go up and have your portfolio go down. The cause was sector rotations as investors moved into "discounted" stocks that were hit the worst during the market crash of 2020...

d.hillier.88

Watch price action on lower time frame for entry.

jasperlawler

Change in leadership from tech (growth) to financials (cyclical)

tdrake2139

Tech working on trying breakout of chop zone.

NeoButane

When comparing tech focused ETFs/indexes, namely $NDAQ and $XLK, we can see that $SPY has recently been outperforming them. My theory is that this is an unusual case and a sign that tech stocks are near tops. Given that I did not receive the dip I wanted, I have difficulty putting on a short position on tech. There is also the factor that the highs have not been...

darkmode

Right?

wallstreetsharks

XLK current wave (2) correction is setting up for a terminal move into wave (3) targeting the 129-135 range.We are operating under the assumption that wave (2) should not break below 111 setting up a same degree wave 5 rally is in progress targeting 130.

tdrake2139

revisiting the exact area you would expect it to....key now is to watch it's next move....below current support and no interest being long.

Tank_Tangke

Just for fun

hanzhao311

Not that I am bullish on XLK but indeed I am quite bearish at this point. However the 65 minute chart does show a RSI trend break and MFI showing breaking up the 0 line which mean trend bullish, even though these two signals need confirmation. Cautious with positioning with these signals is what I want to convey. Disclaimer, this is only for entertainment...

hanzhao311

XLK breaking trend line on 60 minutes and lower time frame. 2 hour still holding up OK. Qs are holding up still. CLosely watch the unfolding. Bearsih divergence + broken trend line is NOT a good combo for XLK at this moment. May reverse and continue higher but this is a warning. Disclaimer, this is only for entertainment and education purposes and...

hanzhao311

Showing this is a great shorting opportunity that might disappear quickly... see my previous post for RR setting. In this kind of choppy phase, momentum indicators are all wasted. use volume based indicators such as OBV and MFI. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell...

hanzhao311

Pre market gap up. Divergence obvious. volume based indicator MFI up and OBV down. so this is a half half short trade. set stop at right above hullma with RR of 3. Looks like a worthy trade to me. let's see how this will play out. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell...

tdrake2139

Breakout here and nothing in the way of trying for ATH. (No position).

hanzhao311

bearish setup. 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.

tdrake2139

Tech breaking out from consolidation zone today. Let see how it closes (No position).

hanzhao311

Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.

tdrake2139

Tech consolidating here. Close above 115.5 and its a long for me.