Energy Select Sector SPDR Fund harmonic/macd 1Wharmonic gartley and macd looking bearishShortby GDT_investPublished 2
XLE 1 year cup can handleActually looks to be viable. I actually believe oil is on a progression upwards as a macro trend. It is an indicator that can be worrisome for the overall market, but If it drops to 45.83 That is the .5 for its wave 4. Target 65 if it bounces from there. If wave 4 has completed at 47 then target 60 for Late Spring early summerby NapoleonStockSPublished 1
LONGDaily close above the moving averages, taking a leap position here in energy. Longby clarkehimselfPublished 0
Energy's volume confirming trendTechnical Short-term Analysis We have a new potential uptrend line drawn in the chart. RSI is showing some divergence as it has reached the level from the beginning of February. However; I would take this divergence with a grain of salt, as it did reach Overbought levels and did not break the 40 level on the RSI (typical bullish behavior). OBV has a clear uptrend, supporting the uptrend in price. Trade Setup Would sell a partial position if we break the ~new potential uptrend~. Would sell the rest if we break the 50sma. Hope this helps!Longby dorfmanmasterPublished 441
XLE Potential Gap Fill off of Trendline SupportWith the Suez Canal blockage oil could see further strength moving into next week as supply experiences disruptions (limited supply leads to gains in oil). XLE could see a continued bounce off the trendline support and move to fill the gap denoted by the "X"Longby kevinbirounPublished 3
Buying Energy dipTechnical Analysis / Trade Setup There could be a trade coming up next week in energy. The 50sma has worked as support 2 consecutive times, and could potentially do it again. This level is also coincidental with the 50% Fibonacci retracement level & 2020 highs; which suggests this support level has more strength. Backtesting Data There is a very interesting discrepancy between stocks within the energy sector going on; where most stocks are above the 200sma, byt below their 10sma. --> From 1979 until today, there has only been 12 times where this has happened... What did it mean going forward? Energy was up 70% of the time looking a year later, with an average of 27%. Fundamental Analysis Bull case for energy: Oil is priced above the level at which the average company can cover expenses; Supply has declined with lower production and OPEC compliance; Large diversified energy companies have strong balance sheets and access to capital; The ongoing recovery of the global economy bodes well for returning oil demand Bear case for energy: Oil demand is still down significantly. Valuations are opaque. There is weak long-term stock price momentum. ~ For the full article on sector view, send a message and I will be happy to share the resources I have. ~by dorfmanmasterPublished 557
XLE - April - 56 PTLooking to find more support on 20 SMMA Nice bounce off uptrend support Looking for 56+ PTLongby NightMan_FutureManPublished 2
XLE: Near Term WeaknessXLE good time to take some profits 1) quad witching on friday 2) st momentum weaknessby quantitativetendiesPublished 0
XLE: Continues To Break Key Resistance BarriesThis is a continuation trade after breaking the first key resistance barrier, we have broken through a smaller one recently and there is one left. A good place to add to the position if it falls back down to the support (prior resistance) and when it breaks the next major support.Longby quantitativetendiesUpdated 0
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. Longby sevelirettePublished 2
clean energy is done for a while xle to clean break through channel resistence and 200 days MA and heading higher. TAN and FAN and ICLN etf correction to continueby solidBus76050Published 112
OPENING (IRA): XLE APRIL 16TH 35 SHORT PUT... for a .93/contract credit. Notes: With 30-day at 42.1% and expiry-specific also at 42.1%, going out to April (I already have some March on) to sell the 19 delta. 2.76% ROC at max. Just trying to keep theta on and burning. Trade management: run to approaching worthless or, if in the money, look at rolling out for a credit or taking on shares/selling call against (whichever pays more in credit).by NaughtyPinesUpdated 2
Longgg AFGotta break through this point (red line) if we do i am targeting $55 by end of april. bought call options for cheap. Short squeeze begins middle of next month.. Longby WDERUVEUpdated 3
XLE holding up tooAlso noted that XLE, the energy sector (ETF), is co-holding up the equity markets in lieu of technology sector, together with the financials. Just to watch this space...by AuguraltraderPublished 1
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.Shortby optionscalendarhawkUpdated 1