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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

Where I would buy more puts on XLEHello friends. We posted earlier about why the energy sector was probably the Greatest Short Of All time. Did anyone join us for shorting? We made a *lot* of money. But now it might be time for a brief bullback, before going much lower. Let's see if we can reload some more puts after that happens. Thanks for playing, and to the guy who kept taking a crap all over me for me idea, maybe save your money next time and listen to the autistic trading savant rather than yourself. GG.
AMEX:XLEShort
by bowtrix
41
XLE breaks TL but holds vol profile zone(75-77); is 71 or 65 nxtUpdate on my last post that XLE energy sector must hold the red trendline at 79. BEARISH CASE shortterm: On Thursday it broke not only the TL but also broke below my yellow consolidation box.(middle one). As of now it is holding the volume profile zone at 75 to 77 area. Looking at the heavy selling volume in all sectors, a double bottom at 71 is very probable. 76.70 is the 0.618 Fib level while 71 is the 0.786 Fib. Worse, we may even see a retest of the blue wedge at the 65 pivot line. That will be a 100% retracement back to the Feb 24 invasion low. (It broke out of the blue wedge & retested it last Jan 2022 & proceeded to make a measured 10 points move to 82 & then another 10 points move to 92) Still BULLISH longterm: If XLE bottoms out at the current volume profile zone & reclaims the red trendline in the next few days, we may see a retest of 92 or maybe even push another 10 points higher to 102. You may ask if that is still possible with a slowing economy? Bear markets on average starts 5 months before actual recession (2 consecutive Quarters of negative GDP). We are now at the 5th month but employment & production & consumption numbers still suggest recession is still far out maybe in 2H2023. Either we are in uncharted territory with a prolonged bear market or maybe we will see another melt-up rally first before recession kicks in. This will be possible if inflation & rates slow down with the FED pivoting to less hawkish stance in September after the already priced-in June & July 75 basis point rate hikes. Note: A slowly rising dollar will not be good for commodities like oil, food, industrial metals & gold but it will help cushion the bad effects of inflation on buying power…good for imports but bad for exports. Not trading advice. Pls like & follow if this helps!
AMEX:XLELong
by xtremerider8
Is $XLE making a bearish ascending wedge?It seems like the Energy sector ETF $XLE is making an ascending bearish wedge. It's showing lots of resistance around the $82.9 area and hasn't be able to close above it for the past ~2weeks. I wouldn't be surprised if it has a fake breakout to the upside before eventually falling back inside the wedge. Keep an eye out for a break to the down side as the measured objective would be around the $64.7 area. I'm neutral for the time being but keeping a close eye on this for a bearish reversal.
AMEX:XLE
by HaseebKhan_90
8
XLEThe Energy Select Sector SPDR (XLE) is a non-diversified ETF. It tracks the largest oil and gas, consumer fuels and power equipment companies in the S&P 500. The ETF has a dividend yield of 2.5%, and is up 59.8% year-to-date. The fund is down 5.2% on Monday and is set to see a further decline, however the long-term trend for energy is strongly positive. Take advantage of short-term weakness at the appropriate opportunity. It is only a matter of time before stocks resume their journey to new highs. Buy the XLE at $80.50 lmt gtc
AMEX:XLELong
by walled7863
Rising Wedge in Energy ETFEnergy stocks have been ripping all year , but now there’s a potential reversal pattern in the key sector ETF. The SPDR Energy Fund has made higher lows and higher highs since mid-May, but the lows have ascended more quickly than the highs. The result has been a rising wedge. That’s a potential bearish reversal pattern with highs failing to confirm the enthusiasm of the lows. Next, the Parabolic SAR indicator just flipped from a bullish reading to a bearish reading. Third is the Moving Average Distance indicator at the bottom of the chart. This Custom Script shows price’s distance from a moving average -- in this case the 50-day simple (SMA). Notice how it recently neared the top of its range. While this isn’t a definitive signal in isolation, it shows how Energy is out of step with the broader market. (The S&P 500 is 7 percent under its 50-day SMA while Energy is 9 percent above .) This may create the potential for some catchup to the downside. Finally, you have the level around $89.22 where XLE peaked in November 2014 before beginning a six-year slide. The fund’s failed breakout through this area could also suggest longer-term resistance remains in effect -- at least for the time being. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Editors' picks
AMEX:XLE
by TradeStation
6
XLE may retrace to 82 @ TL; more pain to come if 79 breaksUpdate on my previous warning that XLE is soon to retrace. BULLISH CASE: XLE reached ATH 93.31, my FIb 2.0 target & retraced. It should bounce at the red Dec2021 trendline @ 82…FIb 1.0 which is a previous April top. BEARISH CASE: XLE had a very impressive run up since its pandemic low & a correction is overdue at this ideal time when extreme high oil price may dampen demand & OPEC & US to increase production. This correction will be temporary since China has re-opened from lockdown & demand will slowly increase going forward pointing a higher wave 3 or a wave 5 after a potential wave 4 correction whichever case may play out. But if 79 (FIB 0.50 retracement from 65 to ATH) is lost, more pain will come to the broader market SPX. This may also mean that wave 3 has peaked & an ABC wave 4 down may be underway. Not trading advice
AMEX:XLELong
by xtremerider8
XLE a W3 BO of 2GANN FAN lines+wedge move or a bulltrap to W4?XLE formed a big H&S pattern in 2002 & has since bottomed during pandemic. From there, it started a blue rising wedge which had a more chance of breaking down. However, due to the Russian invasion, it broke to the upside above the H&S green neckline.. Measuring the height of this wedge gives a target of 82.40 which XLE had reached & recently exceeded. It also exceeded 2 GANN FAN lines from 2002 & 2020 lows but registered a big red candle the next day. I think XLE is currently at an impulse wave 3 of 3. XLE must hold 79 for wave 3 to continue higher. Losing 79 may signal a corrective wave 4 of 3 back down to retest the wedge at near the 68 level before a wave 5 0f 3 starts. It may even retest the green H&S neckline started in 2002 approximately near the 66 level. Supports at 79, 68 & 66. Resistances at 88 (1.618 Fib) & 92.24(2.0 Fib of recent wave b in a zigzag move) There is better chance of XLE holding 79 with wave 4 & do the last wave 5 of 3 as the world energy crisis is not abading in the near future. XLE is the ultimate winning sector for months. Not trading advice
AMEX:XLELong
by xtremerider8