XLY - When the Price of (XLY) Talks People Listen

2024-04-09 09:18:00 ET

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Consumer Discretionary Select Sector Spdr (NYSE: XLY) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for XLY change as time passes, and this should be updated in real time.  Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis.  Here are some examples: if XLY is testing support the signal is to buy and target resistance.  On the other hand, if resistance is tested, that is a sign to short, and target support.  No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for XLY too.  All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for XLY

• Buy XLY slightly over 171.42 target 181.07 stop loss @ 170.92
• Short XLY slightly under 181.07, target 171.42, stop loss @ 181.59

Swing Trading Plans for XLY

• Buy XLY slightly over 181.07, target 190.34, Stop Loss @ 180.55
• Short XLY slightly near 181.07, target 178, Stop Loss @ 181.59.

Day Trading Plans for XLY

• Buy XLY slightly over 181.23, target 190.34, Stop Loss @ 180.81
• Short XLY slightly near 181.23, target 179.29, Stop Loss @ 181.65.

XLY Technical Summary | Raw Data for the Trading Plans