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XLE trade ideas

Is Energy Losing its Mojo?Energy stocks have led the market all year, but now there are potential signs of fatigue. This chart shows the tight ascending pattern in the SPDR Energy ETF along with its 2018 high of $79.42. Prices attempted to move through the level this week but failed to hold. Was it a failed breakout? Next, consider the candles above $79.42: two dojis followed by a large bearish outside day. That may be viewed as a reversal pattern. MACD has also been falling. Third, yesterday's drop (the sharpest decline in five weeks) landed prices at the trendline that’s been support all year. Any follow-through could break the trend and trigger profit taking. Finally, geopolitics have favored energy. But changes in the global situation could change that environment – especially with the Federal Reserve increasingly committed to slowing inflation. When lots of “good news” is priced in, it can also increase the risk of a pullback. 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 in cryptocurrencies involves significant risks. Please click here for TradeStation Crypto’s risk disclosures on investing and trading in cryptocurrencies. 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 .
AMEX:XLE
by TradeStation
1
XLE (Long energy)Conditions: Trend following trade. Energy is on fire. Entry: Market (7/04) Stop: 10%. Target: Let it ride, buy the dips. --- Current (general) preferred entry ticker conditions and entry signals are either. a) Reversion to mean from overextension, providing there has been evident support from historical price action and/or a bullish / bearish pintail or rejection evident by an engulfing candle immediately after the supposed support/rejection. b) Oscillators (Daily/Weekly Stoch as well as the Average Sentiment Oscillator) all providing confluence with a trend line / support level . Maintain 2:1 RR, use retracements as much as possible. If over extended and sufficient confluence and I'm at my computer, consider a market order. Establish confluence of support/resistance , trend, oscillators, congruent candles (pintail or engulfing reversal).
AMEX:XLELong
by gertfrobisher
Ascending Triangle in the XLEThe Macro trends of 2022 are no secret to any of us. Sky rocketing inflation and the war in Ukraine have lead to soaring energy costs around the world. As a result, Oil has seen a period of extreme volatility, reaching a high of closing high price of 129.44 on March 8th. As a result, the XLE has followed suit and is up about +30% year to date. Exxon, the largest holding in the XLE, reports earnings on April 29th and has expressed that the anticipate setting record profits. Buy the rumor? The XLE appears to be forming a nice Ascending Triangle, which could be suggesting a bullish continuation. The Ascending Triangle isn't a particularly strong pattern from a statistical perspective with only about a 60% chance of realizing the bullish continuation. Take it with a big grain of salt, but there is also a very slight Hidden Bullish Divergence on the MACD. Nevertheless, it warrants paying attention to as a potential swing trade. A lot will depend on what Oil does, and the fact that XOM and CVX are reporting earnings on the 29th muddies the waters a bit. However, it could offer a nice opportunity for a shot in the dark trade to the upside looking for a pop the upside in advance of the earnings. Maybe something like an OTM Call spread around the .30 delta in XLE 30 days out or so...
AMEX:XLELong
by InnerMotionTrading
2
Is Inflation still an Energy problem?Inflation is mainly an Energy issue but, conditions are so stimulative/inflationary.That inflation has broadened out. Inflation for the past weeks/months has only been about food/energy but, the fed thinks that Core Inflation also needs to be controlled. The Housing market and the Labor market signify a "roaring" economy.... A big labor force with good wages WILL lead to high demand, discretionary spending, higher production and many home buyers. Powell has definitely turned hawkish. The fed is looking to shift from its accommodative stance to a neutral stance. He will look to raise the FedFundsRate to neutral. The fed needs ammo for the next impending recession. Long term yields will remain the feds biggest pain for they will be really fickle to raise. Yield curves are on their way to inversion US10Y/US02Y, US07Y/US05Y, US10Y/US05Y. These yield curves will invert to foreshadow a recession but, a recession can take months/years to occur when these curves invert. Its best to look at the US30Y-US03MY spread at 1.93%. When that yield curve inverts a recession will occur very soon. CPI increases occur when XLE outperforms SPY. Energy companies profit more during inflationary environments. Energy prices rise when there is ample demand. The crucial relationship to notice on the chart is the formation of local maximums in XLE/SPY correspond to peaks in CPI. In the past couple week Energy prices have relaxed a bit and that has been reflected in XLE. This will lead to a slight pull back in CPI. For CPI, to rocket higher it will need outperformance from XLE relative to SPY. The current economic landscape has so many crazy dynamics it can be hard to determine which factors are affecting Inflation. The Consumer is strong and people have jobs. The economy is not in a recession in fact, it is quite booming. The fed is hiking rates in response. Core inflation has been increasing and things like housing are getting expensive. Imagine this: you bought a house in 2020-2021 and you have a 2.5%, 30 year mortgage, no loop holes..... That's great for consumers!! They can go buy other stuff due to such a low mortgage. The fed has no other move but to tighten. US03MY is still at ~0.5%, US30Y is ~2.5% and real rates are still negative. Inflation has room to run until the latter part of the year. But, the higher price cure is coming due, to America boosting production. Dollar strength is expected. Watch for XLE/SPY to move towards a local max that, will propel CPI even higher. Or has XLE topped??
AMEX:XLE
by arama-nuggetrouble
47
Markets - ES, NQ, TLT, XLE, XLF, VIX - WTF over?While crypto is hot on my brain these days, I do still trade the markets. Doing more futures now but still looking to scalp, swing or spread whatever. Looking into my crystal ball I see trouble brewing lmao. Crystal balls are for shmucks, TA is where its at. Clearer than a crystal ball, markets are trending down. I know it’s crazy, right? Markets trending down, how does that happen? But if this is daily/weekly lower high there could indeed be trouble brewing for bulls. I was listening to a pod cast the other day talking about the ‘rally’ and how it wasn’t unexpected given the geopolitical situation and that the US markets are the bastion of commerce and thus the safest market to put money in, so lots of Europeans buying in. However, the story goes, that’s only temporary as continuing pressures from higher interest rates, inflation, trade & logistic issues, blah, blah, blah, but basically we are to see more selling pressure. Does make sense but the market will do whatever she is going to do. ES - Bottom line the 4300 is a very important level if the 4500 doesn’t hold. 4100 is the line in the sand imho. However I wouldn’t be surprised for it to hold the 100dma and surge up to test ATHs. The options on SPX for the coming week has an expected move of only about 88 handles. Interesting since it moved that much on Thursday. Q's are highly correlated but a bit different with them under their 100 and 200dma. Don’t play the Q's much but worth noting. Energy seems less affected but it is influenced by oil so I expect that to stay whippy. The financials should be rising with interest rates, right? Well they also hold bonds which are in a serious slide. So the financials may very well be a key this week. Also keep an eye on the foreign markets as an indicator for how we open Monday. Not lots of volume but I’m expecting volatility to start climbing back up and things to get squirrely. That said, could be a ‘wait and see’ situation where the market chops around current levels. Plenty of opportunities for scalping ranges. I will likely be scalping ES and not really paying attention to individual names. I only have a few spreads and selling some premium but otherwise not really interested in taking a directional play. If anything, I’m a bit bearish for next week but never let that keep you from making your trade. Buckle up boyz and girlz, could be a wild week, but it could be a snoozer as well. If you really want to learn how to trade using options, you should visit my friends over at Opinicus They are a top-notch bunch of traders. BTW, crypto seems to be diverging, but we shall see. Its still very much a rodeo over there LMFAO Peace
AMEX:XLE
by AbTrader0
Oil up 38% in 7 days! When to sell?Oil exploding higher again making a 7 day run of 38% and XLE running up 14%. Long-term XLE is my play, raking in the dividends but taking profits relatively soon might be wise. We are right at the resistance level for XLE that looks to be pretty heavy but that resistance isn't like the Ukrainian military so I think it's more likely we blow through that level if oil continues. it cannot continue at this pace for long and that's why I want to be taking profits. If you're trading in the futures market then you have a much better chance of pulling in some high percentage gains in the short run as I believe somewhere above $150/ barrel you will find resistance and it will come crashing down. The question really is, where is the new support? As long as this war continues I think we will stay above $78/ barrel as the new support level. especially with inflation. If WW3 cracks off, all bets are off and I wouldn't see it falling below $100. That being said, XLE won't experience the same type of gains in the short run as a trade. As soon as oil sells off people will sell XLE hard because they are really betting on future gains of the sales of gasoline which won't be there if oil has come back down. The catch is if oil continues to stay elevated and without any subsidies from the government, then there will be less driving which means fewer sales and XLE will be falling. This is why I think it's wise to take profits on the way up, find a huge sell-off and get back in position on the way down. As we are likely heading into a recession I may roll some of this into TLT for the short run as I exit don't he way up to potentially make some gains in TLT without taking the risk in XLE. As XLE falls when oil pops the lit off, that's when I take my gains in TLT and roll it into XLE again for a longer trade but increasing my position by 20-30%,
AMEX:XLELong
by DefyingFinance
XLE SHORT $50 chart gap at $50 and gap at $42 are the first things to notice. However, there is support going down so it's not like we should expect those prices quickly, but it's good to take note as trends start to break. support (blue lines) heading down priced. I do think we hit a top right around $78-$76, and will return to around $72-$74 after it drops a bit before seeing another sell off. I'd start looking for entry on the confirmation. I could see this settling around $50 (see green trends.
AMEX:XLEShort
by nicktussing77
Oil rising be ready to sellAs war drums are beating and WW3 may be on the verge of becoming a new reality, oil is ripping the faces off of people shorting it. It's also ripping your wallet apart. I expect a sell-off at some point if it continues at this rate but probably not before making new all-time highs above $150/ barrel. I expected XLE to get to $135 over the next 4-5 years but now it climbing very quickly ut I believe that is short-term. I may be taking some profits around the $100 mark as I expect government control to come in. I am not sure what that will look like yet but if it is a subsidized market whether cash in people's pockets or giving money to oil companies to keep the price low, that's inflation so I expect those stock prices to continue to rise. In the short term, you can hear the negative talk that may trash these stock prices which is exactly why I want to be taking profits at technical places and be ready to buy on these bottoms. XLE oil WTI
AMEX:XLELong
by DefyingFinance
25