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XLE trade ideas

Comparing XLE performance and XOMFirst thing first, let's take a look at the components of XLE here You can see that Exxon Mobil and Chevron takes up almost half of this ETF portfolio. Unless you are familiar with the FA components of individual stocks, investing in an ETF like XLE can be a cost effective and hassle free approach. Performance wise, you can see that from March 20 to current date, XLE has gone up almost 200% vis-a-vis 170% for Exxon Mobil. Also, buying into individual stocks can be costly as well along with the risks contained in a single company. For detailed explanation, read here
AMEX:XLELong
by dchua1969
The Third Greatest Short of all timeHello friends. Our original XLE idea was the greatest short of all time. XLE collapsed. Then we had an idea for the second-greatest short of all time. XLE collapsed. Now, here we are with the third greatest short of all time. Is this time different? Demand for energy is being demolished by increasing interest rates, and the price of natural gas has collapsed plus the price of crude oil is down badly. XLE doesn't seem to notice yet, but it may notice in the future. Short entry: $84.25
AMEX:XLEShort
by bowtrix
2
XLE BO:bottom@66,Support@76, next stops are 90/98/107BULLISH CASE: XLE held a June low @66 which is a 0.618 retracement. It formed a triangle & has since bounced off the base very strongly with 2 gap-ups. Moving averages 50, 100 & 200 are forming a ribbon & are all pointing up. 76 is a strong support with volume profile. If this breakout from the triangle sees a follow-thru in the next few days, XLE may double the triangle & target the next 2 Fib levels at 98 & 107 with some consolidation at the recent ATH at 90. Crude oil & Natural gas bouncing strongly. 10-yr rate TNX & dollar index DXY turns up & are also bouncing higher. BEARISH CASE: If this will be a false breakout, then the 2 recent up-gaps will be filled with XLE going back inside the triangle. Not trading advice
AMEX:XLELong
by xtremerider8
XLE short (short term)The XLE went on a rip your face off rally the last few days. 20 % in 10 days! RSI on the 1 hour reached some pretty over bought levels the past few days. The MACD also crossed over and is heading down. Still above 0 which is bullish but I don't think we will be there tomorrow. That level at 82-83 seems to be a pretty strong level of resistance. I doubt the rally or the energy crisis is going to push it past. To put the icing on the cake for the FIB, we are at a .618 retracement. Personally I like what I see, especially with the market as a whole very bearish. I think we could see a 7-10 % correction. In the next couple of days. The economic news coming out tomorrow will also play a huge roll in the outcome. Thanks for reading, trade safe!
AMEX:XLEShort
by ATX2014
The Second Greatest Short Of All TimeHello friends. You surely remember when I created my idea "The Greatest Short of All Time". And it was. XLE proceeded to print a mind-shattering collapse, exactly as I had forseen. But now, we have had a pullback as expected and it is time for a new short. There are several reasons why energy is bearish now. For one, there is a highly bearish seasonal window which we are entering right now for gasoline On top of this, Natural Gas just formed a Scam Top pattern and is hurtling towards the downside rapidly Rates continue to rise, and inflation has obviously peaked at this point, with the latest CPI reading at a flat 0% and future readings quite possibly geared up to start bleeding into the negatives. Kalshi predicts an annual inflation between 7.0-7.9%. I think it's more likely to be even lower, but even Kalshi's conservative estimate would already be a decrease in inflation for this year There appear to be some large trader purchasing massive amounts of puts on XLE Insiders also have not eased off even a bit and are still selling XLE hand over fist We will play this idea by purchasing a reasonable amount of XLE puts which are dated to expire on September 30th and have a strike price at $80. I have a feeling that guy who shit all over every one of my energy short ideas, saying it was impossible for XLE to collapse, is now resting peacefully 6 feet under. But if you are him and reading this, I just want to give you a huge L. You deserve it. Thanks for playing.
AMEX:XLEShort
by bowtrix
17