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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

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XLE trade ideas

XLE - Energy sector SPDR S/R levelsHello traders, Description of the analysis: Everyone sees an opportunity in the oil market. Personally, I would not invest in this commodity. There is a surplus of oil, there is no place to store it and no one wants it. It can't stop mining. But investing in the entire XLE energy sector could be interesting. Here are the main S/R zones where the price could react. Everyone makes their own point of view. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
AMEX:XLELong
by Jacob_Kovarik
Loading up on more call options todayOkay so we gapped down last night. Obviously Energy sectors are in panic mode. Do you guys really think it will stay here forever??? Hell no.. AS of now we still havent even broken the trend line up even with the gap down. Thinking maybe a short term Put option, but going to be loading up on long term calls here, only going to be cheaper than they were yesterday! We've got a decent support between 31-30. Still playing this long over the next few months. Short maybe this week. September and later Call options are DIRT Cheap...
AMEX:XLELong
by WDERUVE
3
XLE to long, from 28 to 33Existing Condition: 1. Downtrend line was broken by breakaway Gap (G1). Start a new trend. 2. Gap Up above SMA50 3. double bottom reversal pattern confirmed Weekly demand zone in 11/28/2003; 4. 0.5 retracement, 5. Demand Zone, 6. price droped below 27.1, and back to above 27.8 (above SMA8) Entry above (SMA8) 27.7 and below 28.5 Stop below (SMA8) 27.5 Target 33.5 Risk/reward=1:6 According to my yesterday' XLE analysis, I created this plan; This is a trading school homework. I need 6 months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
AMEX:XLELong
by PlanTradePlanMM
1
XLE XLE made a low of $22.89 on March 18, 2020, which is the lowest it has been since 2002. We saw higher highs and higher lows while trading below some previous support around the $26.90-$27.00 has tested the $26.80 numerous times and failed to break the previous support range. The recent gap up and test of the $26.80s again has proven that the XLE has some legs in the short term while respecting and bouncing off intraday lows. A break-through of the previous support ($26.90-$27.00) will prove to be vital to the strength of XLE moving forward. Given the economic conditions, oil is poised for some rebound given demand and the recent activities within the space, and a breakthrough has potential based on the chart.
AMEX:XLELong
by Zaee9