Get started
SPDR Select Sector Fund - Energy Select SectorSPDR Select Sector Fund - Energy Select SectorSPDR Select Sector Fund - Energy Select Sector

SPDR Select Sector Fund - Energy Select Sector

No trades
See on Supercharts
Overview Analysis News
Ideas
Discussions Technicals Seasonals Options

XLE trade ideas

XLE looking bullish long term on daily chart, target 90So far we do have a 1-2 start coming off the march lows, could complete a micro 2nd wave pullback to begin the wave 3 move to the upside. Additionally, this could signal a longer term change in trend for energy, after the consistent downtrend for the past 5-6 years. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you. Copyright Rohan Karunaratne 2020
AMEX:XLELong
by UnknownUnicorn4017959
2
Is the oil sector uninvestable? We don't listen to stories about a future no one knows we just simply trade reversals and continuation wave formations our model gives us. We highlighted the xle in late october and took the trade early november. Obviously the vaccine news was a huge boost and we had no idea it was coming but that's the beauty of markets- you don't know what you don't know. So we are uncertain if the sector will continue to move at this pace but until something changes we are staying long Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions. Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
AMEX:XLE
by IngenuityTrading
Trade Update: Sell 25-50% and move stop to breakeven Ingenuity Trading Model- Swing Trading Algorithm used in all markets- Stocks, Forex, Futures, and Crypto The model is a Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions. Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For more information visit our website
AMEX:XLE
by IngenuityTrading
Rotation hedge with Energy ETFOk boyz, so you guys are strong believer in momentum, you've ran your backtests on US Sectors and fund out that with a roughly 55% probability the best performers of last year will be the best performers of the next year. So you are still long tech like crazy and believe the FAANG stocks will keep rising. However what does financial professionals like to do? They hedge part of their risk, they maximize their sharp ratio by minimizing volatility with diversification in uncorrelated assets. What is your biggest risk right now? With a new vaccine on the way? => A big rotation of smart money from leaders (tech, healthcare) to laggards (Energy, Financials, Transportation, REITS). It's already happening right now. XLE US is down 45% year to date, it is the ultimate laggard ! And you know what? Historical probability of worst laggard to move to the top five leaders of next year is 65%, odds are in our favor. The ETF showed strong momentum last week with a nice weekly hammer candlestick with strong volume, this is a bullish reversion pattern. Let's wait for confirmation on Monday's open, if it confirms, we are catching the first wave to a nice ride up ! up to recovery and post covid world. The vaccine wont be massively available and massively distributed before mid 2021 I believe, HOWEVER the stock market is merely the second order of the real economy, not the first order! It is the acceleration of the economy, so as soon as the vaccine is being shoot the first person, the widespread reopening will increase tremendously. Option 101 => acceleration = second order = GAMMA, we want to be long gamma right now => buy calls 3 months on XLE. To save some carry cost, i would suggest a strike at 110% of the current spot, this translate to a roughly 35% Delta. This is quite out of the money but i believe the volatility on this sector is going to up with the spot. my pick : call 31Mar2021 strike 37. Delta = 24%, Remember: this strategy makes sense if your portfolio is globally long tech, and please do not risk more than 5% of your portfolio value with the premium. This is not WSB :D
AMEX:XLELong
by henribu
Soon, Make This Cyclical Bet That Everyone Else Is Afraid ToWhile the recent pain in fossil fuel companies and overall bullish run in clean energy names seems to have given the impression that oil is finally in its inevitable secular downtrend, I prefer to look at the situation and see a massive cyclical medium term buying opportunity. While its obvious that over time oil and gas companies will *eventually* see their demise as our entire energy infrastructure pivots to renewables, right now we are probably at least a decade away from transitioning even 50% of it. This fear, combined with a potential democratic presidency, combined with a massive demand shock in the form of COVID 19, and traditional energy giants are struggling, trading at record low valuations. While I believe in the general maxim that the market does a good job at discounting the future, and that lots of oil companies deserve to be trading where they are trading, I also believe that sometimes the market slingshots prices too far in one direction or the other, and our entire job as traders rests on the ability to correctly identify these discrepancies and take advantage of them. Quality energy assets, not distressed ones, will make it through the current hurdles just fine, and will likely see much, much higher prices from here as our grid / transportation infrastructure still absolutely require their presence. In the space I like BP and ENB the most. Combined with this has been a massive run in the prices of solar and renewable generation capacity, like CSIQ, BEP, and NEE. I view this as run as an identification of Solar's secular trend and upside, but also as a bet on a friendly democratic administration coming to power next week. If Trump wins, this premium instantly gets wiped out. If Biden wins, I view it largely as a 'sell the news' scenario. Either way, I think solar has come too far too fast, and is both 1.) set to retrace some gains and 2.) far away from fully supplanting our national energy infrastructure. Thus, my cyclical bet. I think that sometime soon, traditional energy names will begin to massively outperform clean energy names as this realization sets in, and on the chart above I'm waiting to see some bullishness in the price action before I dip a toe. If the trend confirms on the monthly chart then I'll be scaling in with full size. Use this idea how you will, but keep it on your radar!! Cheers!
Editors' picks
AMEX:XLELong
by PropNotes
22