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SPDR Select Sector Fund - Energy Select Sector

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XLE trade ideas

$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
Energy Sector going Down. XLEImmediate targets 60, 58, 57 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
AMEX:XLEShort
by Rykin_Capital
XLE...false break?At current levels ($64), XLE seems to have have done a textbook break and retest of the downrend (purple) in place since 2014 that wold indicate a powerfull move higher is in the cards. However, the impulse move since the lows of march2020 seems complete and XLE reached its minimum target in the $66 area last week. This, plus overbought technicals (Stoch RSI) might suggest that we might be looking at a false break and XLE is about to move below the trendline again for a correction at least to the 50wk ma ($53) that has been significant in the past and potentially lower. All eyes on the FED tomorrow. A dovish tone will likely send XLE higher towards $79. on the opposite, if the FED maintains its recent hike rethoric we will be looking at the false break scenario described above.
AMEX:XLE
by PD_Capital