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XLK trade ideas

Growth vs Value. Technology vs Energy.While these two charts aren't the same, they are very similar. The top chart is a ratio chart of ARKK vs Berk.B. The bottom chart is a ratio chart of Tech vs Energy. If the top chart is any indication of the overall trend, then there's plenty of upside in energy still. The downside of ARKK vs BERK.B overshot the minimum downside target. This is a logical area for a bounce. The Tech vs Energy ratio looks to have a ways to go still. These rounded tops are very dependable reversal patterns. Keep your eye open for broken support lines when watching these rounded tops play out.
AMEX:XLKLong
by Breakout_Charts
XLK Technology ETF - Trend Lines compared to Dot Com CrashA look at how the counter rallies in the dot com crash compare to the market since 2003. The dark red lines all have the same slope on the log scale. I just moved them to align to the peaks. You can also see that last week caused the price to break down out of the trading channel started in 2019 and then a retest Friday. This morning we are hovering under it. It is not looking too good for tech since it has both to recapture the channel and break back above the trend line anchored to Jan 2001 peak. Crossing fingers. 1W 1D Rejected off both the 20 and 200 day moving averages.
AMEX:XLK
by Dr_Roboto
XLK: failed H & S? Bottom is in? To be confirmed next weekXLK on 25 Feb shows signs of bottom. However it may still be rejected by the blue trend line & make a double bottom. Breakout of that blue line will VOID the H & S pattern & uptrend channel will continue to be respected. Target price will be 188, a 30% upside from my predicted double bottom. But if some good news will come next will, XLK will just cut through the blue line & never look back… considering there is a slight bullish divergence on RSI. Not trading advice but hope this helps
AMEX:XLKLong
by xtremerider8
Reversion Strat» Stop Loss can be set in settings. 0.90, means that it will apply a 10% stop loss setting. » You can set how many shares it buys at a time » MaPeriod, that is set to 5, looks to buy shares if instruments price dips below this moving average. » I have set the broker fee to $1, that's what I pay with Interactive Brokers, but you can edit that in the code as you wish // COMMENTS //—————————————————————————————————————————————————————————————————————————————— // » MEAN REVERSION SYSTEM, NOT A TREND TRADING SYSTEM // » DESIGNED TO WORK ON ETF WITH GOOD LINEARITY // » PRICE MUST BE ABOVE 200 MA // » CLOSE MUST BE BELOW THE FastMa TO BUY AT LOW PRICES // » USE ONLY ON DAILY OR HIGHER TIME FRAMES // » IMPORTS DATA FROM LOWN TICKET TO CHECK THAT NOT TOO MANY STOCKS ARE MAKING NEW HIGHS Can be used on tickers like SPY, SPX, SSO, SPXL, TQQQ, QQQ, and sector ETFs like these below. AMEX:XLE,AMEX:XLF,AMEX:XLK,AMEX:XLB,AMEX:XLU,AMEX:XLI,AMEX:XLV,AMEX:XLY,AMEX:XRT,AMEX:XLP,AMEX:XLRE,AMEX:XLC,AMEX:XSD,AMEX:XTL,AMEX:GXC Can also be used on stocks, I would recommend adjusting the stop loss and MaPeriod to dip buy
AMEX:XLKLong
by HermanBrummer
Rolling: XLK February 18th Short Strangles to March 18th 160... short straddle. Comments: Locking in some realized gains by rolling the 151/160 and the 157C/158P inverted out to the March 18th 160 short straddle. I had to do this in separate rolls, receiving 7.19 in credits for the roll of the 151/160 and 3.67 for the roll of the slightly inverted 157C/158P. I've collected a grand total of 22.07 in credits (11.035/contract) relative to a current setup value of 11.75 per contract, so am still slightly underwater in the position. As usual, will continue to do defensive adjustments as necessary to keep from getting too directional.
AMEX:XLK
by NaughtyPines
4
Tech Sector Setting Up for Big Monthly Bearish PullbackWe have a Bearish Engulfing on the Monthly along side with extreme amounts of RSI Bearish Divergence and soon the MACD will be crossing bearishly for the first time since 2018. In the past the monthly bearish crossing has lead to at least a 30% correction back down to the 55 Month SMA. One last thing to note is that if this Monthly Candle continues down a little further and closes below the open of October 2021, this pattern will be upgraded from just a simple Bearish Engulfing to being a Bullish Three Line Strike visible on the Monthly Timeframe which is a very bearish pattern as One Month would have Erased the gains of the Prior 3 Months and at that point you almost have a Guarantee that the Tech Sector will see a much more Sustained Correction the Downside.
AMEX:XLKShort
by RizeSenpai
Tech Going Lower?AMEX:XLK Looking at the XLK chart, more downside appears likely. The market regime is changing, and a rotation out of growth into value/defensive is in full swing. XLK is showing Bearish divergence on the MACD & RSI , plus confirmation of the 9EMA is crossing under the 20EMA. Typically, breakdowns out of this kind of chart pattern usually fall about 10-12% While I don't believe that will happen immediately, I could see it finding support around the $148 / 0.618 fib level in the next couple of weeks. I am going to keep an eye on the chart pattern and wait to see a breakdown below it.
AMEX:XLKShort
by Cousin_Fat_Fat
XLKWe traded our Squeeze signal which fired 21 Dec 9:30 with a secondary trade strategy entry on 23 December. Both trades resulted in wins with the ghost feed forecast that was done on the squeeze proving to be 100% accurate on the hourly chart. Two major learns from this trade: 1) know what combination of squeeze indicators work with a high degree of probability on your particular stock - our proprietary tool looks at 6 squeeze oscillators and determines the best combination to trade. We believe that not all squeezes are equal and you should know what you are trading before doing anything. 2) wait for the entry conditions to be correct. For this trade we waited for a cross over the 21 MA while the squeeze signal remains valid for the 1st trade and we waited for our MA tool to generate a strategy entry signal before adding to the trade. 3) Let your trading platform do the heavy lifting and monitoring 4) Trust the data, your plan and your tools Happy trading!
AMEX:XLKLong
by whcoach
1