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XLE trade ideas

Oil up 38% in 7 days! When to sell?Oil exploding higher again making a 7 day run of 38% and XLE running up 14%. Long-term XLE is my play, raking in the dividends but taking profits relatively soon might be wise. We are right at the resistance level for XLE that looks to be pretty heavy but that resistance isn't like the Ukrainian military so I think it's more likely we blow through that level if oil continues. it cannot continue at this pace for long and that's why I want to be taking profits. If you're trading in the futures market then you have a much better chance of pulling in some high percentage gains in the short run as I believe somewhere above $150/ barrel you will find resistance and it will come crashing down. The question really is, where is the new support? As long as this war continues I think we will stay above $78/ barrel as the new support level. especially with inflation. If WW3 cracks off, all bets are off and I wouldn't see it falling below $100. That being said, XLE won't experience the same type of gains in the short run as a trade. As soon as oil sells off people will sell XLE hard because they are really betting on future gains of the sales of gasoline which won't be there if oil has come back down. The catch is if oil continues to stay elevated and without any subsidies from the government, then there will be less driving which means fewer sales and XLE will be falling. This is why I think it's wise to take profits on the way up, find a huge sell-off and get back in position on the way down. As we are likely heading into a recession I may roll some of this into TLT for the short run as I exit don't he way up to potentially make some gains in TLT without taking the risk in XLE. As XLE falls when oil pops the lit off, that's when I take my gains in TLT and roll it into XLE again for a longer trade but increasing my position by 20-30%,
AMEX:XLELong
by DefyingFinance
XLE SHORT $50 chart gap at $50 and gap at $42 are the first things to notice. However, there is support going down so it's not like we should expect those prices quickly, but it's good to take note as trends start to break. support (blue lines) heading down priced. I do think we hit a top right around $78-$76, and will return to around $72-$74 after it drops a bit before seeing another sell off. I'd start looking for entry on the confirmation. I could see this settling around $50 (see green trends.
AMEX:XLEShort
by nicktussing77
Oil rising be ready to sellAs war drums are beating and WW3 may be on the verge of becoming a new reality, oil is ripping the faces off of people shorting it. It's also ripping your wallet apart. I expect a sell-off at some point if it continues at this rate but probably not before making new all-time highs above $150/ barrel. I expected XLE to get to $135 over the next 4-5 years but now it climbing very quickly ut I believe that is short-term. I may be taking some profits around the $100 mark as I expect government control to come in. I am not sure what that will look like yet but if it is a subsidized market whether cash in people's pockets or giving money to oil companies to keep the price low, that's inflation so I expect those stock prices to continue to rise. In the short term, you can hear the negative talk that may trash these stock prices which is exactly why I want to be taking profits at technical places and be ready to buy on these bottoms. XLE oil WTI
AMEX:XLELong
by DefyingFinance
25
$XLE Long IdeaThe Energy sector has shown incredible strength during the market selloff as investors seek dividend paying stocks in a stage where rate hikes are inevitable. Historical data shows that energy sector outperforms in an economy with raising rates and this time is no different. With EPS around the corner for $XLE biggest holdings ($XOM, $CVX and $OXY), best case scenario would be an increase in dividend which should send investors running towards these names. The technical side of this trade shows an strong uptrend with 52 week highs as the indices trade in a correction. If we look at the MACD, fairly bullish breakout and above resistance with room to run and thanks to the recent selloff, the RSI has restarted on longer time frames. Targets for $XLE are 67, 72, and 76. OptionsSwing Analyst Daniel Betancourt
AMEX:XLELong
by optionsswing
2
energy is another sector looking for a higher low (XLE)energy bullishness is another sector rotation play that makes me think were in a better place than some seem to believe. i think we will experience additional bolatility for the time being, but so will the markets at large. we should keep a decent uptrend, unless the pullback proves more retracement than risk tolerance for outflows can support. the long and short of it is thag bulls have given themselves room to work with, even if we go sideways for a while.
AMEX:XLELong
by cerealtrades
XLE to hit $130 by Jan 2025 a 300% gain from 2020 lowsCheck out the two trends prior to this. Clearly, you can see the run of over 300% that was 6 years long and then another 5-year trend at 142% gain. I believe we have entered commodities run and companies that produce oil and sell gasoline or diesel are going to benefit hugely. I am making a call that by January of 2025 we will see XLE at $130. Even if it doesn't, WTI Crude will hit that $130 mark. Two calls right there I think are very realistic repeating that 5-6 year trend which also matches the first 300% gain although the climb may be steeper. I think that climb coincides with how much inflation we have so I believe it's still a fair analysis overall. If you have not watched my recent video on hyperinflation, I suggest you do. At least go compare a 1month chart of the M2 money supply (M2SL) to the SPX. Hand a hand increases and parabolic running back to 1960. It looks to be sometime around 2025 we hit our first level of lift-off, straight up as the curve stops and begins to head to the moon. This happens to land around my chart here with XLE being at $130 by 2025. After 2025 all bets are off. WE could be heading into a massive inflationary person and it could be a billion per share or something crazy. That number won't matter anymore of course as it's only nominal.
AMEX:XLELong
by DefyingFinance