May 31, 2022 (Stock Traders Daily via COMTEX) -- 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 Spdr Consumer Staples Select (PSE:XLP) with integrated risk controls.
The trading plans were valid at the time this was published, but the support and resistance levels for XLP 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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Use the basic rules of Technical Analysis. Here are some examples: if XLP 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.
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for XLP too. All of these are offered here: Access our Real Time Trading Plans
Buy XLP over 73.96 target 76.78 stop loss @ 73.75
Short XLP under 76.78, target 73.96, stop loss @ 77
Buy XLP over 74.50, target 76.78, Stop Loss @ 74.28
Short XLP near 74.50, target 73.96, Stop Loss @ 74.72.
Buy XLP over 74.50, target 74.78, Stop Loss @ 74.33
Short XLP near 74.50, target 73.96, Stop Loss @ 74.67.
XLP Technical Summary | Raw Data for the Trading Plans
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