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XLE trade ideas

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
$XLE: Weekly and monthly uptrendNice signal in energy names. Macro and fiscal policy are sure making the Fed's life hard. The trend in commodities, energy, value vs growth remains bullish, same as the trend in the Dollar vs the Euro. The recent drop in inflation and oil created a very low risk buy opportunity in commodities in general. I've rotated away from my growth focused portfolio in the prior week, and am long $XLE and other names in my portfolio. I suggest you do the same, very interesting time, where the easy money disappeared from markets and people will likely get schooled time and time again trying to gamble in the same garbage names as between 2020 and 2022. Stay safe out there! Best of luck, Ivan Labrie.
AMEX:XLELong
by IvanLabrie
$XLE (Energy) seems to be making the same pattern as last time!Notes: * I last spoke about this around the end of May as it was forming an ascending wedge Now: * It seems like the Energy sector ETF $XLE is making an ascending bearish wedge/channel once again. * It's showing resistance around the $82.9/8 area again. * I wouldn't be surprised if it has a fake breakout to the upside face resistance around the ~$88.7 area and eventually falling back inside the channel. * I'm neutral for the time being but keeping a close eye on this for a bearish reversal. It doesn't seem extended yet, that's what makes me think that it may actually break out to the up side before heading back down.
AMEX:XLE
by HaseebKhan_90
2
How to Straddle an Ascending TriangleFor info on Ascending Triangle, check out my previous AMZN chart. XLE consolidated 2 weeks prior to form an Ascending Triangle on the 4hr chart. The 2 week period at the end of July XLE gained 20% . This sets up a Great risk/reward around a sector with NG on the move. Don’t count out the oil bull either. While markets were bearish overall, XLE was on a 60% top before June. Falling Energy gave way to lower inflation prints in June and July. I can see XLE going to June high of 93 to form a cup and handle. More on that in my next XLE idea.
AMEX:XLELong
by SPYvsGME
3
XLE Energy Sector approaching ATH. Options play with CushionWith energy prices continuing their rise due to global shortages and war, XLE has climbed over 50% YTD. The potential upside to all-time highs, along with the intact trend since March of 2020 are enticing. It might be harder to take on a position after a 100% YoY increase and not feel like its FOMO. So, I look for options to enter with a bullish outlook but protect from downside volatility. Using a custom options strategy we can build in a 23% cushion ($65.38) and still capture all the upside to the ceiling ($89.13). Using this strategy, it’s possible to make up to 9% ( 15% annualized ). Start to lose only if XLE falls by more than 22% to below $63.58 as of 03/31/2023 . Option Order Buy 1 $82 call Sell 1 $87 call Sell 1 $64 put Exp 3/31/23 Required to invest: $6,362.98
AMEX:XLELong
by oliveinvest