US tech ETF · 7th week of buy signal
XLK at week 8: two targets hit, breakeven stop, time to manage
US tech ETF · 7th week of buy signal
In Summary
XLK is at week 7 of a buy signal, up 16.81% from entry. 2 of the 3 targets of our most advanced model have already been reached and the stop has moved to breakeven: risk is fully off the table. The next statistical window is week 8, with a 20% trim suggested by the backtest. The signal shows some cracks, though: MACD deteriorating and sellers heavily dominant on the last bar deserve attention.
Open BUY
·7th week from start
·US stocks
·T1
IQS Phase
56
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#108 / 161
US stocks in progress
Trade P&L %
+16.81%
from signal to today
restricted Platinum content