Financial Select Sector Spdr XLF Investment Analysis – Stock Traders Daily

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Source: Stock Traders Daily

Longer Term Trading Plans for XLF
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short XLF under 38.27, target n/a, stop loss @ 38.38 Details
  • The technical summary data is suggesting a short of XLF as it gets near 38.27, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 38.38. 38.27 is the first level of resistance above 38.19, and by rule, any test of resistance is a short signal. In this case, if resistance 38.27 is being tested, so a short signal would exist.

Swing Trading Plans for XLF
  • Buy XLF over 38.27, target 40.22, Stop Loss @ 38.16 Details
  • If 38.27 begins to break higher, the technical summary data tells us to buy XLF just over 38.27, with an upside target of 40.22. The data also tells us to set a stop loss @ 38.16 in case the stock turns against the trade. 38.27 is the first level of resistance above 38.19, and by rule, any break above resistance is a buy signal. In this case, 38.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short XLF near 38.27, target 37.60, Stop Loss @ 38.38. Details
  • The technical summary data is suggesting a short of XLF if it tests 38.27 with a downside target of 37.60. We should have a stop loss in place at 38.38 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 38.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for XLF
  • Buy XLF over 38.27, target 40.22, Stop Loss @ 38.18 Details
  • If 38.27 begins to break higher, the technical summary data tells us to buy XLF just over 38.27, with an upside target of 40.22. The data also tells us to set a stop loss @ 38.18 in case the stock turns against the trade. 38.27 is the first level of resistance above 38.19, and by rule, any break above resistance is a buy signal. In this case, 38.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short XLF near 38.27, target 37.60, Stop Loss @ 38.36. Details
  • The technical summary data is suggesting a short of XLF if it tests 38.27 with a downside target of 37.60. We should have a stop loss in place at 38.36 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 38.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

XLF Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Neutral Neutral Strong
P1 0 0 38.27
P2 36.75 36.55 40.22
P3 38.09 37.60 42.18

With an objective approach to Financial Select Sector Spdr (NYSE: XLF), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for XLF change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if XLF is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

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

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for XLF too.  All of these are offered below the Summary Table.

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Fundamental Charts for XLF

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