Bullish Case: XLK's consistent long-term growth, recent crossing above 50-day MA, and bullish risk skew indicate potential sustained upward trajectory.


Bearish Case: Recent flat performance, potential regulatory shifts, and low option trading volume suggest possible near-term price stagnation or correction.


Potential Outcomes:

1) Gradual rise in line with historical performance (60%).

2) Temporary stagnation as implied by term structure flatness (25%).

3) Modest correction due to unforeseen market events (15%).


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April 10, 2024


Technology Select Sector SPDR Forecast

XLK        Technology Select Sector SPDR
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with XLK



VGT Forecast + Options Trading Strategies   VGT  Vanguard Information Technology (1.0)


ROM Forecast + Options Trading Strategies   ROM  ProShares Ultra Technology (1.0)


FNGS Forecast + Options Trading Strategies   FNGS  Bank of Montreal - ZC SP ETN REDEEM 08/01/2038 USD 50 (0.99)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (0.99)


SMH Forecast + Options Trading Strategies   SMH  VanEck Vectors Semiconductor (0.99)



Uncorrelated Stock Forecasts

Assets with little price relationship to XLK



BA Forecast + Options Trading Strategies   BA  Boeing (-0.01)


SA Forecast + Options Trading Strategies   SA  Seabridge Gold (-0.01)


TGTX Forecast + Options Trading Strategies   TGTX  TG Therapeutics (-0.01)


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.01)


PRG Forecast + Options Trading Strategies   PRG  PROG (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against XLK



VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.93)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.94)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.94)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.98)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-1.0)





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