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SPDR Select Sector Fund - Energy Select Sector

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XLE trade ideas

XLE energy hedge against TechWith rates rising, missiles dropping on other side world and inflation scare buying the XLE energy ETF is the perfect buy and setup if you're not invested in energy. The XLE is up over 100% since its bottom, and up more than any other sector for 2021 now. Oil is rising, and with what's going on all over the world it looks like that won't stop any time soon. This sector is on its 3rd month of gains for 2021 and not even overbought yet. March has 20% of gains left in it, and if it breaks out this triangle lookout. you will add another 20-40% on top of that. I'm not saying this will go straight up but it has been the underperformer behind everything the past years, which is making this the ripe to be the best performer for 2021. I own tech in my portfolio but holding the XLE is perfect for a hedge if rates spike again wrecking Tech stocks once again.
AMEX:XLELong
by sevelirette
Counter trend SHORT...Swing trade...Oil went up too fast...Shorting XLE as a counter trend trade. Strictly a swing trade. RSI on a 2 hour Heikin Ashi chart is at 80. RSI 80 is my overbought signal for me. I am bearish only a very short term. I am bullish on long and intermediate term. Strict trade management is the key in this trade. Learn, Plan, Size and Manage. This publish is not an investment advice. I am not an investment advisor. So, you are solely responsible for your actions on your money.
AMEX:XLEShort
by optionscalendarhawk
Long term trend change in XLEHere I am comparing the weekly XLE/SPY chart from April 2017. For only the second time ( first was a false breakout) the XLE/SPY chart is breaking above the long term exponential moving averages. I believe this is very significant since the energy market has been in a long term sustained downturn. Perhaps the catalyst for the move is that large sections of the country have experienced a historically severe winter drawing down the current supply levels. In any case the technical indicators make a persuasive case. The RSI oscillator is at the highest levels since May 2018. The MACD indicator is also about to turn positive. This is a longer term call over the next few months to begin overweighting energy stocks as part of your overall portfolio.
AMEX:XLELong
by SFTW
Energy vs UraniumPeople are quite excited about uranium and hating on oil stocks. I see Uranium futures losing support, Cameco directors dumping their shares, premiums on calls on Robin Hood.. Meanwhile, Oil prices are rallying, Texas oil offline, about 40% of US production and what sounds like serious supply chain issues. I am seeing experienced commodity traders hating on oil stocks saying they wont catch up to oil even though the gap between the two is historic. Many are expecting Oil stocks to drop, but I noticed on Friday, $SU made a respectable weekly close and moving down to the daily chart we have a bullflag consolidation, more so on $XLE. $USOIL did close the week below $60 which I thought was an important level but depending on how you draw trendlines we have a clear break out. Currently risking a totally of 3.5% account with $SU and $OSH.AX calls. I want to see $USOIL close above $60 to add upto 5% account exposure.
AMEX:XLELong
by rjtchch
XLE - Oil Sector has Great PotentialFor those who have infinite patience (silver stacking develops this virtue), the oil sector appears to still be one of the best value plays around. Crude has nearly doubled from the 30s late last year to be pushing 60 as of late. While higher prices and carbon taxes will probably push gas prices to levels never seen before in the US, past experience showed that supply/demand factors had no correlation with prices (the new normal in economics p.s., don't waste your money on an elite B-School MBA). A little bit of foresight shows the potential of making four times your money on various equities in the oil sector. Looks like first resistance will come about 20% higher as we hit the neckline of a former head and shoulders top. But ultimately, the pattern can develop into a massive reverse head and shoulders, playout out over the next three to five years. Comparing many oil and oil service stocks, they all look pretty much the same. XOM is paying a strong dividend and the company insists it will continue the payout. Other options include APA, CVX, IMO . . . and the oil service sector, SLB. They are all playing out the same pattern here. Although the long term down trends are still intact, these markets have so much money going to them now that anything cheap has the potential to soar to dizzying heights. There is going to be massive inflation as a result of the money printing, the only way it seems that one can protect him/herself is ensuring a solid exposure to the commodity sector.
AMEX:XLELong
by Glewis54
XLE is poised to make new highs XLE looks poised to continue its uptrend and make a new regional high. It's currently being supported by higher crude prices and a dollar which looks to be losing footing on its previous bounce. I personally think that production cuts will eventually cause supply shocks when demand will pick up. It will take sometime for the oil markets to reach equilibrium, thrusting prices higher. There is evidence from recent reports in China and the U.S that inventories are rapidly dropping. Energy will continue to outperform in the near terrm, although it is susceptible to the equity markets conditions.
AMEX:XLELong
by Fida4u
Energy ETF Pulls Back to 50-day SMAAttention has recently focused on short squeezes and Big Tech earnings, but Energy remains the top-performing sector in 2021. We started the year highlighting the golden cross in the SPDR Energy ETF, which proceeded to jump to a seven-month high. Prices have pulled back since and are now trying to hold their 50-day simple moving average (SMA). The next feature on XLE’s chart is the oversold condition on stochastics. The other important chart is the price of oil itself. This image shows the bullish outside candle yesterday on WTI Crude Oil CFDs (USOIL). Black gold’s closing price was the second highest since the pandemic selloff began almost a full year ago. (Remember energy fell before the broader market last February.) Oil has benefited from a favorable supply/demand mix as the global economy continues to reopen. The Energy Department’s inventory reports have been tighter than expected in four of the last five weeks. (Less supply means less of an oil glut.) Bloomberg also reported on Sunday that OPEC+ complied with a historically high 99 percent of agreed cuts in January. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
AMEX:XLELong
by TradeStation