Will the US Energy Sector Outperform the Overall US Market📈 The US Energy Sector has completed a textbook corrective pattern, ideally a fourth wave.
⏺️ If the 74.49 low holds (-7% decline from today), this sector has the potential to gain at least 23% over the coming months.
🟠 A breach of 74.49 invalidates this outlook.
Key stats
About SPDR Select Sector Fund - Energy Select Sector
Home page
Inception date
Dec 16, 1998
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
ALPS Distributors, Inc.
XLE offers liquid exposure to a market-like basket of US energy firms. Market-like in the context of the energy sector means concentrated exposure to the giants in the industry, including companies in the oil, gas and consumable fuels, and energy equipment and services industries as identified by GICS. XLE pulls its stocks from the S&P 500 rather than the total market, so its portfolio mainly favors large-caps. Holdings are weighted by market cap, subject to a capping methodology that ensures no single security exceeds 25% at each quarterly rebalance.
Classification
What's in the fund
Exposure type
Energy Minerals
Industrial Services
Utilities
Stock breakdown by region
No news here
Looks like there's nothing to report right now
Support is near but...Looks like a weekly reversal is on it's way.
Notice the 2 false breakouts and the double top.
Also notice the strong break out from the Triangle pattern.
What's next for Energy?
AShort

Energy Strengthening with GrowthLooks like Energy is beginning to show some signs of growth. It is making new highs and seems to be ready for some upside potential from $87 to $89. If it holds at $89, it could retest $92. Do your own due diligence.
ALong

Potential Bear Flag in Energy ETFThe SPDR Energy Select Sector ETF has wavered for almost a year, and some traders may expect a push to the downside.
The first pattern on today’s chart is the series of lower highs since mid-November. December also saw a lower low versus September. That may reflect a bearish longer-term trend.
Nex
XLE Coming to Supply zone Seems to be in a sideways trend. Did i follow the plan?
Entry
Exit
How did it go?
AShort

What's Brooding in the Energy Sector AMEX:XLE (Energy)
Last week, in the COT data report of 24th December 2024, it began to suggest to me that a move was brooding on Heating Oil. Suggesting a trend on the way but I will need more price action data to ascertain it. Not withstanding I have to look for more evidence to support this. Ri
Energy Sell Off - Low RSI Not Seen Since CovidWatch energy to see if it bounces off these levels as the selling pressure over the last two weeks has been relentless with no bounces. Possible Bullish abandoned baby candle if tomorrow is a large up candle.
Understanding the Bullish Abandoned Baby
Traders watch for bullish abandoned baby pattern
Short XLEInvestors are piling back into energy along with other inflation trades. There's a large gap down to $90.50 area. Crude oil, shown here by USO, has also tumbled.
Trade is off if XLE makes a new high or USO/crude oil turns up. Press into a short position if crude breaks below $65.
Could also work
AShort

Energy printing fresh highs within weeksHere's a better chart than the one shared in October, showing that energy has been consolidating above an upward sloping triangle formation, over 900 days in the making .
With just under 4% remaining to reach prior highs set in April, fresh highs could be just weeks away. Looking at the height of
ALong

The MOST IMPORTANT Chart On The Planet - $1M Bitcoin Incoming MartyBoots here , I have been trading for 17 years and sharing my thoughts on the most important chart on the planet which is the XLE chart.
This chart will change the entire world
XLE is looking beautiful , very nice chart for more upside
Very similar to SPX500 which also went parabolic
Do not mi
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.