XES: Key Long Term Decision AreaThis is just to flag a key industry that, so far, has lagged the broader energy production complex. Certain individual services stocks are moving strongly, while others are languishing or making all time lows. Volume profile suggests accumulation. Something will give so this seems to be an import
Key stats
About SPDR Series Trust SPDR S&P Oil & Gas Equipment & Services ETF
Home page
Inception date
Jun 19, 2006
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
State Street Corp. (Fund Distributor)
XES is an option for investors interested in the world of wildcatting and drilling hardware & services. The fund covers the oil & gas equipment and services along with the oil & gas drilling sub-industry of the S&P Total Market Index, an index that tracks the broad US equity market. Companies should meet certain market-cap and liquidity requirements in order to be included in the funds final portfolio. Selected securities are then equally-weighted, with liquidity constraints applied. Overall, the funds equal-weighting strategy provides widespread industry exposure to all market capitalizations, which can be appealing in a top-heavy industry, but it comes with a side-helping of increased market risk. The funds narrow portfolio may change significantly at each quarterly rebalance.
Classification
What's in the fund
Exposure type
Industrial Services
Stock breakdown by region
Oil & Gas Services is the leading industry $XESWho else is waiting for this breakout to happen?
If it does, a good target would be $125 and I like the odds.
Just look at NYSE:SLB , NYSE:RIG & NYSE:HAL , they have already broke out from there bases.
Look for other stocks within this ETF and you will find good set ups. I'm doing it.
NYSE:
XES - SPDR Oil and Gas Equipment ETF Long IdeaSPDR Oil and Gas Equipment ETF Long Postion initiated near all time low with a Risk/Reward of 3 and great chances of success. The ETF is near 2009 lows, this is difficult to believe even with today's low Oil prices the sector is much further than it was 10 years ago!
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Summarizing what the indicators are suggesting.
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Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.