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SPDR Select Sector Fund - Energy Select Sector

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XLE trade ideas

Oil/Gold Short Setup: Inverted Cup & Handle (XLE/GLD)After a steep decline in $XLE/ AMEX:GLD , the chart has now formed the highlighted cup & handle. Combine this with the observation that CPI YoY & Core PCE YoY ( ECONOMICS:USCCPI ) are in strong declining trends , which historically correlates negatively with oil (and oil-related equities) and positively with gold. Executing on this idea: use a lower-vega strategy: Low (2x max) leverage Short XLE: directly short sell the shares, or buy inverse ETF ( AMEX:DUG , AMEX:ERY ). Long GLD: Just buy AMEX:GLD , or go 2x with $UGL. Make sure that it balances your XLE short after accounting for leverage.
AMEX:XLEShort
by BtcPowUpdate
1
Feeling energetic? Gold/oil signaling the bottom for energyThis chart compares the price of AMEX:XLE + AMEX:XOP to Gold/Oil. The gold/oil ratio is a simple measure that divides the price of gold (per ounce) by the price of oil (per barrel). This ratio represents the number of barrels of oil that can be bought with one ounce of gold. The relative value of these two commodities and can provide insights into market dynamics and can signal tops and bottoms in the energy sector. When the gold/oil ratio is high, it means that gold is expensive relative to oil, or conversely, that oil is cheap relative to gold. In recent decades the ratio above 30 has often been an indication that oil prices are near a bottom. This is because a high ratio suggests that oil is undervalued or that gold is overvalued, and markets may adjust to correct this imbalance. However, it's important to note that while the gold/oil ratio can be a useful indicator, it is not infallible. Other factors, such as changes in supply and demand, geopolitical events, and broader economic trends, can also significantly impact oil prices. Therefore, the gold/oil ratio should be used in conjunction with other market indicators and analysis tools.
AMEX:XLELong
by Ben_1148x2
XLE basing into a cup/handle & bull FlagI've been reviewing multiple energy stocks and energy related etfs. One common theme i'm noticing is the multiple cup and handle patterns that are forming. Upon review of the AMEX:XLE monthly chart, I notice a solid base. 1) Inside this base you can see the previous bullish ABCD pattern. 2) C leg of this pattern, was the short/resistances level 3) Previous resistances level ( C leg) is currently acting as support 4) If you look from B leg to C leg thats a bullish cypher pattern 5) There is good support at $76 6) The Bull flag is building, and is acting as the handle to the larger cup/handle breakout pattern set up 7) I have breakout level above $83.50, which is an old resistances level
AMEX:XLELong
by moneyflow_trader
Will history repeat? XLE outperformed XLK in 2000In the year 2000, the energy sector represented by XLE outperformed the technology sector represented by XLK. The trend seems to be repeating itself as we witness the commodities boom occurring just as the tech boom slows down. This begs the question, will history repeat itself?! During the tech boom in the late 1990s and early 2000s, the technology sector was the most sought-after by investors. However, in 2000, the market saw a major shift as the energy sector, represented by XLE, outperformed the technology sector, represented by XLK. This shift occurred as the tech bubble burst and the commodities boom took over. Fast forward to today, and we see a similar trend. As the technology sector has slowed down in recent months, the energy sector has seen significant gains. The rise in commodities such as oil and gas has driven the energy sector's recent outperformance. While there are always unique factors at play in the market, the similarities between the current situation and that of 2000 cannot be ignored. It is possible that history will repeat itself, and we could see the energy sector once again outperforming the technology sector.
AMEX:XLE
by ariefauliaa
$XLE - Weakness in the Energy Sector Could Bring Stage 4 DeclineThe Energy sector is notoriously one of the last to roll over in a recessionary environment and the $XLE chart appears to be topping out right on queue. After a euphoric run beginning in the middle of 2020, the Energy sector has stalled out creating a triple top near the $90 level. With the break of the 200-day moving average, along with an accompanying bearish momentum regime in the RSI, we expect the Energy sector to begin its descent into a Stage 4 decline. Many individual stocks within the Energy sector look prime for capitulation events and accompanying sector weakness would further aggravate already anemic charts. PT near 60.
AMEX:XLEShort
by Howtoswingtrade
XLE (Energy)In my last my post, I XLE should bounce off 82 and retest is daily 50sma; Since then we've dropped back to 82. Holding 82 is important for bulls. You Never want to see a Sector lose .236 fib if your a bull... .236 is a reversal fib. Right below 82 is XLE primary trendline since 2020 lows at 80$. If we break and close below 80 we are looking at bearish reversal with my first target 72$ gap close If we bounce we still have breakover the most recent downtrend (White line) at around 85.50, if we breakover 85, then it's back to 93$ ... Chart looks bearish IMO; like we're in final stages of distribution. There's been RSI divergence since last May Fib levels are from ATH and All time low
AMEX:XLE
by ContraryTrader