Get started

XLK

Microsoft channel break AnalysisFundamental / Technical / News analysis Microsoft earnings were positive. But they were not enough to break this channel since June 10th. Today we gapped above resistance, breaking the channel. This was caused due to Microsoft winning the JEDI contract from the US government; who beat Amazon, Oracle and IBM cloud platforms. Revenue from the JEDI contract is estimated at $10 billion over 10 years. The value of the contract isn't significant to Microsoft market cap of $1 trillion (1%), specially as it will take a decade to get. However, Microsoft earnings gave Azure (cloud service) a lot of importance. Beating its competition in this area, will boost sentiment. After all... we did break resistance on this specific news! Price talks more than anything.
NASDAQ:MSFTLong
by dorfmanmaster
XLK bearish put spread BOT VERTICAL XLK 100 20 SEP 19 79/78 PUT @.23, .77 max profit. Risk to reward ratio just under 1:3 Gives a breakeven price target of 78.77 which is 3.4% lower from the spot price at the time of trade. Longed the 30 delta, shorted the 25 delta. It's a lower probability trade with under 30% estimated probability. Rationale: XLK seems to be hugging the high side of the long term trend. It *could* continue to grind higher for the next month, or we could get another 'techwreck' during this earnings season. IV is relatively low at the moment, so I bought a cheap bearish put spread. IV Rank is only 8%. The IV is 75% of the years HV. AAPL and MSFT are the largest holdings. Oddly enough Visa and Mastercard together make up 10% . Next it's INTC, ADBE, ORCL , PYPL, and IBM which round out the top ten holding.
AMEX:XLKShort
by dime
EPISODE 3/11: US TECH SECTOR-ELLIOTT WAVES+PARABOLIC MOVEMENT TAEpisode 3/11: US (SPX) Sectors Technical Analysis - 16th of July 2019 The Tech Sector has indeed outperformed almost all other sectors in the economy, since the 2009 financial collapse( approx. ~520% increase since the troughs of 2009). However, with the new threats to global trade, the tech sector might be the first one to take the worse drop of all the sectors. As described by the chart, there are several indicators pointing towards that the end of the cycle(WAVE 5) might be nearing and a correction could be expected. There are 3 key events that I see which will be necessary in determining the outcome and hence, become the cause of the next recession: 1. US-China Trade relations and overall Global Trade(Including EU/UK/Italy and other issues that are hindering trade) 2. Global Economic Slowdown in the Developing countries(Sentiment change) 3. The upcoming 2020 US Election (Geopolitical Risks) I would not go into details regarding the potential effect of these events since they are yet to occur. Key technical note regarding the TA, is that BASE 2 which is the 2007-09 recession should've had a higher low, in which case there would have been no doubts that this is BASE 2. However, due to the Lehman Collapse the recession extended. Nevertheless, in my opinion I would still consider this drop as a BASE 2. This is just a brief "free" and very detailed analysis. Perhaps in the future I might form a premium group, to whose members I will provide all the details of my research. >>I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories.>> However, if you'd like to support me and learn more in the greatest of details, every thumbs up or follow is greatly appreciated ! -Step_Ahead_ofthemarket- Previous episodes on the US Sectors: EPISODE 1 : FINANCIALS EPISODE 2 : ENERGY Full Disclosure: This is just an opinion, you decide what to do with your own money. For any further references- contact me.
AMEX:XLK
by step_ahead_ofthemarket
Sector rotation Cyclical to Defensive I heard some interesting commentary this week from the pros about watching for signs in the cyclical:defensive sector ratio. I put together this chart using (XLK+XLI+XLB)/(XLP+XLU+XLV). It is a composite of tech, industrials and materials indexes as a ratio to staples, utils and health sector indexes. The chart ratio is about 1:1 right now. In a late stage economy if earnings expectations plunge in the cyclicals the chart ratio should show the capital rotation into the defensive sectors. Worth watching for a signal!
AMEX:XLK
by dime
4
High Probability trade on SPDR TRUST TECHNOLOGY SELECT: XLKThe following are trades setup ideas in the daily chart for SPDR TRUST TECHNOLOGY SELECT: XLK There are 2 distinctive dotted lines labelled as 1. AI's Resistance Line 2. AI's Support Line If price action was below the AI Resistance line AND Retested below AND eventually closed below this line, the idea is to short and take profit at AI's Support line . Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow.
AMEX:XLK
by WolfeDayRocker