XME trade ideas
Bull PutBit of an intro below to my personal trading strategies: (future idea's will be much shorter in text and to the point)....
Most if not all of my trades are based on finding the best Option Combinations for Stocks , Indexes or ETF's which I believe follow a particular trading range. This 'expected' trend is based less on technical indicators and more on the underlying fundamentals of the equities, market psychology and simple supply and demand. To date my preferences for investing in equities goes mainly to the energy market (mainly gas), gold, silver and commodities (uranium, copper and rare earth metals) and last but not least semiconductors while the AI hype lasts.
It doesn't matter if the trend is bullish, bearish or trending sideways, there are always option combinations that can be applied, such as Strangles, Bull or Bear Put/Call spreads, Butterflies, Iron condors, Covered Calls etc. etc.
The interesting aspects of trading in options is that the Risk/Reward ratio can be high. For Put or Call spreads for example, one can easily double/triple the input, depending on the option combination. For butterflies the ratio can even go up to 1:10 or higher (i.e. input $1000 may end up at $10,000 if the butterfly combination comes true). On the other hand, one could easily lose the full invested amount if the underlying equity does not follow your expected trend, but in most cases you will always know the maximum amount you can lose for these option strategies and as such base your trading strategy on these risk/reward levels.
This XME Bull Put is a simple spread to profit while from the S&P Metals & mining ETF if this remains bullish.
XME ETFThis fund might be a good alternative for hedging portfolios. Metals are always a decent alternative as a low risk instruments.
'Sector Weight
Steel 54.63%
Coal & Consumable Fuels 12.66%
Gold 9.71%
Diversified Metals & Mining 8.27%
Aluminum 7.46%
Copper 4.09%
Silver 3.18%'
www.ssga.com
Not a financial advice.
XME Metals and Mining Bullish PennantXME Metals and Mining Bullish Pennant on Lower Rates, Cheaper Energy. Stagflationary Environment. Gold and Silver would be proxy trades, though overbought and overvalued relative to in my opinion relative to historical real rates which would now technically be in positive territory (Interest-Inflation). Though how this is calculated is up for Debate. If Inflation picks back up, and rates remain down, this is bullish for metals, as the relative value increases compared to the yield one could get on the dollar.
Disclaimer: I am just a guy on the internet. I am not a hedge fund manager though much of what I am saying is an attempt to articulate what I have been trying to learn from them and mix it with my own logic. If you invest based on my advice and lose money, that one is one you.
XME - Aggro Minor Low BreakXME was a strong trend that hit resistance due to Macro economic data changes and has formed a 2 leg pullback.
Prices bounced off volume levels and sit at the pullback measured move target.
Trade is aggro due to the R/Y sideways trend and prices are below 34ema trend. However, there is a lot volume support below this level.
RAF extreme oversold indicator is also in play.
Buy on break above $53.84 to enter trade.
Target - 50% Fibonacci @ $55.50
Stop Loss - 25% Stop Loss
Options are non-existent for XME, so this would be a stock-only trade.
XME - Long with RAF Extreme and 21 Prop - Likely 2/7/23 OnlyG/G trend with RAF above Extreme means buy between 13/21 Propulsion/Moving averages.
Need a pullback between MA with RAF above Extremes. If RAF dips below extreme, we will change to a minor low breakout buy.
21/34 Prop dots
Volume Profile in this area.
Vscore support in this area.
Aggressive Buy.
Buy @ 56.30
B/E @ 57.20
Profit @ 58.50
Stop Loss @ 25%.
17March23 56 Calls have 594 Option Interest. So, watch the spread when you buy on the pullback.
XME (Metal sector)Wanted to chart this after AA alcoa earnings because Alcoa ,X ,FCX are all top holdings in this ETF which means if this ETF corrects those stocks will follow.
Rejection here, at the top of channel on and RSI. I'm looking for a pullback to 50.00 or 200sma. Double top activated below 48
Short idea #11- One of my favorite shortsHey, I'm watching XME for a short. This setup presents tons of shorting opportunity, IMO. I think when SPY reached $389, this name will be primed for a large sized short; I like how many of the names in this sector look, I think commodity prices are going to drop, and I think XME will drop alongside it. Here's my trade idea and predicted move.
XME - 4 hr - bearish start. More downside likelyXME (metals) have started the week on a bearish note after a 5 wave bounce that could be an A or a 1
Bounce backs in the short term will likely get sold into. Longs need to be cautious. Intra day rallies can be considered shorting opportunities towards 49-47.5 zone in coming days. SL recent swing high
XME metals & mining BO falling wedge, targets 82 measured flagXME is one of the few etfs that still have a large upside in an environment of high inflation & supply chain issues especially those related to EVs, batteries, semiconductors & renewable energy.
82 will be the measured move of a bull flag BO. 82 is also a confluence of FIB 1.618 & 3.0 & 0.786.
39 is a very strong support so this support will hold & therefore gives a very good risk-to-reward ratio.
Not trading advice
XME - ETF - LongThe Fund seeks to replicate the performance of an index derived from the metals and mining segment of a U.S. total market composite index.
We expect a short term correction that can take prices higher to 57.00. We believe that there is an opportunity to go long at market and add position at 45.00
Buying opportunity for XME?XME tracks an equal-weighted index of US metals and mining companies. The listed name for XME is SPDR S&P Metals & Mining ETF.
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XME metals & mining targets 81.83 thru bullish flag.XME targets 81.83 if this bullish flag pattern plays out.
XLE energy & XME metal & mining are very sentive to geopolitical events happening now. They belong to a class of their own unlike XLF, XLI, XLY & XLK which are more cyclical depending on economic conditions.
Energy & commodities crisis are not going away soon.
Not trading advice
Metals & Miners Leading S&PThe metals and mining industry is performing solidly on both an absolute and relative basis.
This chart depicts the trend in relative strength of the S&P Metals & Mining ETF against the S&P 500 benchmark index. $XME/SPY - the relative ratio chart is showing five strong weeks of relative gains.
Interestingly, the ratio is above prior resistance on strong blue "Go" trend conditions. And, GoNoGo Oscillator has rallied positive after months of indecision at the zero-line on heavy volume.
Here's the checklist:
1) Trend is a "Go" (uptrend)
2) Momentum confirming price action
3) Volume confirming the positive momentum
Better Charts. Better Decisions. GoNoGo Charts
