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XLK trade ideas

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.
AMEX:XLK
by moneyflow_trader
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.
AMEX:XLK
by LongShort2021
$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.
AMEX:XLK
by John_Sanders
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
AMEX:XLKShort
by NAK1987