XLK daily evening star reversal at .38 fibonacci retracementOrder SELL XLK ARCA Stop 124.64 LMT 124.64 will be automatically canceled at 20230401 01:00:00 EST XLK daily evening star reversal at .38 fibonacci retracement wave 3 of wave C correction.Shortby MishaSuvorovUpdated Nov 12, 20221
technology with bullish base needs to clear $130 to test C legI have a short term target of $130.00, after buyers stepped in and bought D leg of the bullish Cypher. Price action needs to clear C leg of the ABCD pattern, which would lead to a higher price action to C leg of the ABCD pattern. Disclosure: I have calls on $tecl (3x technology bull)ALongby moneyflow_traderNov 8, 20220
XLK Technology Sector: Signals of DivergenceAs the growth sector #XLK and #NDX makes lower lows there are spots of divergence displaying, which could pose as some upward impulses this week. In that case it could help to normalize a temporary ‘higher low’ in terms of the holistic outlook. My TradingView charts (found at #bsdvs23) have mostly been bearish across the board with a few ‘potential’ bullish intraday traders here-and-there based on the broader technical structure. But that is neither here nor there since the major outlook of the trends is what is most important. All that being said, signs of divergence are now signaling that this area of ‘the higher low’ (big picture) could be setting up for the next leg upward impulse movement in an effort of retesting the lower highs. Granted this will take ‘time and price’ to get to that level and coincidentally coincides with the major earnings session upon us. And I should point out the bearish side of things as well to ensure the audience has the perspective of both sides here. The downside risk is the markets heading for those March lows. Something I have been very focused on the entire month of April in my YouTube videos, Facebook posts, and postings within TradingView. All-in-all, divergence is poking its head and that should provide caution to the wind for the bears. We will keep watch and monitor the Futures Markets as well as the sector spiders and other stocks for turning points going into the economic events this week as I will notate those below. Mon, Apr 18 - 10:00am NAHB Housing Market Index - Day 1 IMF Meetings - 4:00pm FOMC Member Bullard Speaks Tue, Apr 19 - 8:30am Building Permits - Housing Starts - Day 2 IMF Meetings Wed, Apr 20 - 10:00am Existing Home Sales - Day 3 IMF Meetings - 10:30am Crude Oil Inventories - 2:00pm Beige Book Thu, Apr 21 - 8:30am Philly Fed Manufacturing Index - Unemployment Claims - 10:00am CB Leading Index - Day 4 IMF Meetings - 10:30am Natural Gas Storage - 1:00pm Fed Chair Powell Speaks Fri, Apr 22 - 9:45am Flash Manufacturing PMI - Flash Services PMI Aby bsdvs23Apr 16, 20220
XLK (Apple, Msft)In my last post , I warned you guys we were at resistance. Falling window candle stick pattern. I highlighted with the white arrow to show you previous Falling window.. expect some lower lows from Apple and MSFTAShortby ContraryTraderNov 3, 2022222
XLK (Msft and Apple) This sector is the biggest in the S&P.. Msft and Apple represent 50% of the weight in this sector. Fridays rally pushed us up right against channel resistance again. Apple got rejected at its 200 daily sma. Minor possible bear flag showing in yellow. AShortby ContraryTraderOct 30, 20225
Tech will continue to rise and build baselooking for $xlk index to continue bullish momentum into next week and at least hit B leg. Notice the rising bear flag into the previous highs. I would like to be out before the apex complex and give way to another direction or even if a continuation direction. Price action expected to move to $140 area. There is a base building, and likely will need a handle to support. At that time, possible bearish position will be created. Not trading or investment advice. Just for my education, learning, and trading experience. Aby moneyflow_traderOct 28, 20220
Bad days ahead of Tech/REITs and Industrial stocksAs per reports coming out from IMF, Bank of Finland, JP Morgen Chase and many others, the situation is not going to be better in 2023. The FED QT seems to worsen the situation, and counter-effect may be faced with stagflation. The last IMF report is talking about more difficult economic situation in 2023/2024 with IR coming down around 4%, but unfortunately this will not help alot to relaunch the world economy. Probable short opportunities - Long term - LEAPS Technology Select Sector SPDR Fund XLK Industrial Select Sector SPDR Fund XLI Materials Select Sector SPDR Fund XLB Real Estate Select Sector SPDR Fund XLRE Vanguard Real Estate Index Fund ETF VNQ Probable Long or neutral opportunities - Medium term - 6 to 12 months Energy Select Sector SPDR Fund XLE Health Care Select Sector SPDR Fund XLV Consumer Discretionary Select Sector SPDR XLY Trade on your risk, and keep a lot of cash for future opportunities. Good luck, Sam *Not financial advice, trade on your own risk.Aby LongShort2021Updated Oct 13, 20221
XLK Triple 3 CorrectionEach leg of the decline in XLK looks like 3 waves. As such, the entire drop is considered a 'triple 3' correction (zigzags subdivided by X waves). Do you see something different? Let me know. -Jamie ALongby jsaetteleOct 5, 2022220
XLK/XLU dailyXLK / XLU daily 2022. Showing a fall off of risk appetite.Aby chrislee55049e4dSep 8, 20220
Tech is to retest lowsMonetary conditions weigh stronger than other sectorsAby VisualSectorsAug 29, 20220
Peak AD/Stoc and Stoc in rising wedge on $Xlkcup and handle forming.. will be shorting the handle to the .236 fib levelAShortby moneyflow_traderAug 5, 20221
$MNDT Outpaces its Sectorial Peers The technology sector has played a leading role in powering the market's gains over the past couple of decades. Tech's ability to shape almost every industry means the sector remains one of the best starting places for investors seeking big gains, even during this bearish market. My top pick for this sector is MNDT, a cybersecurity disruptor that is a winner for your growing portfolio today. As seen in the chart, MNDT (+31.94% YTD) is far-outperforming its sectoral peers as tech has taken a double-digit tumble in recent months. For instance, mega cap tech companies such as MSFT (-17.90% YTD), APPL (-12% YTD) and GOOGL (-20.60% YTD) have all underperformed relative to MNDT. This is the case too for FTNT, a fellow cybersecurity player, which has registered a 9% decline YTD despite outpacing the broader tech sector as a whole. Sectoral cybersecurity ETF’s like BUG (-16%), XLK (-18%) and CIBR (-18%) also lag far behind MNDT’s YTD gains. Relative to QQQ, MNDT has outpaced the Nasdaq baseline by some 50%, indicating just how bullish this stock is against the backdrop of an ongoing bear market. Aby John_SandersAug 3, 20221
BOS TradeUptrend break of structure Waited for pullback brought calls on continuation RR 3:1ALongby Aaron_AbrahamUpdated Jul 28, 20221
$XLK $AAPL $MSFT will lead next rallyTech sector showing lots of relative hidden strength compared to the rest of the market. Expect Nasdaq to lead the next bear market rally. A02:14by mjmassensJul 15, 2022222
XLK/SPY 1D looking like a Wyckoff to meThoughts ? I'm not that experienced of a trader, but that looks pretty close to the pattern imo. Not 100% exact ofc but when is it ever. AShortby Romaric_TJul 7, 2022225
XLK $XLK Initial ShortXLK $XLK Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.AShortby loxxJul 3, 20222
XLK / XLP - June 27 2022XLK / XLP coiling. Decision should be made soon. Need to wait to see break to up or downside; vol is still uncertain as wellAby chrislee55049e4dJun 27, 20220
TECH BOTTOM ????Could this be the rotation to tech ? offense vs defense ? ALongby anthonya513Jun 14, 20220
XLK, Short Wedge drop entry on XLK as market resumes RTM Entry 136.8 Stop 141.06 PT 1 - 132.52AShortby NAK1987Updated Jun 10, 20220
XLK , SHORT I would consider this a C trade. Here's why Cons 1) the stop is far , 2) missed the little pop at the end of day , could have had a slightly better stop vs entry distance ( I did enter in final 30 min per my rules , however ...) 3) we have not cleared the range, big bars are common in ranges . 4) LL , DB , MTR could be a possibility , would have rather seen several more bull days , perhaps a rally to Apri 18th low to reject before getting my entry.... ( lower low , double bottom , major trend reversal ) Pros 1) Bulls failed to have follow through from yesterdays FOMC rally signal candle 2) Stage 4 downtrend w/ death cross valid 3) If we do breakdown more bears will sell the entry candle and follow-through candle ... 4) Possibility for a measured move down 5) Valid signal per my strat and market in RTM ( red trading mode ) Ultimately I have taken the trade anyways because I have been waiting for this and even though its a weak signal , it is a signal. I have gotten more defensive on my de risk plan too though .... I am taking profits on 1/3 at 1R and there I will switch to BE stop .... then will cover another 1/3 at 2R , then sell the rest on a close above 10/21 ema's. Stop 147.01 PT 133.49 AShortby NAK1987Updated May 29, 20223
Market overreactedInflation has peaked, but maybe not. a 0.75 hike is incoming, but maybe not recession is coming, but maybe not Too much fear and agenda. Reality is not that frighteningAby DRWN_bizApr 24, 20220
XLK reached pitchfork support line, will go upXLK reached pitchfork support line and is expected to start going up (the market as well for that matter, as other symbols such as TQQQ show this).ALongby TradersForecastApr 22, 20221
XLK - bear to resumeAfter tracing 5 down, XLK made a-b-c to the upside. Sell on strength. AShortby TheLazyBrotherApr 21, 20221
XLK - should be srarting the upward correction soonXLK could have completed the impulse to the downside, with some possibility left for one more poke . At least that is what the divergence in momentum is suggesting. Two gaps, conveniently located at fibonacci levels shouls serve as resistance.Aby TheLazyBrotherApr 18, 20220