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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



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


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


QLD Forecast + Options Trading Strategies   QLD  ProShares Ultra QQQ (0.99)


SCHG Forecast + Options Trading Strategies   SCHG  Schwab U.S. Large-Cap Growth (0.99)


TECL Forecast + Options Trading Strategies   TECL  Direxion Daily Technology Bull 3X Shares (0.99)



Uncorrelated Stock Forecasts

Assets with little price relationship to XLK



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


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (-0.01)


MBB Forecast + Options Trading Strategies   MBB  BTC iShares MBS (0.01)


SIL Forecast + Options Trading Strategies   SIL  Global X Funds - Global X Silver Miners (-0.01)


GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (-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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