SPDR Select Sector Fund - Energy Select SectorArca
Description
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If you look at my profile I have been steadily predicting XLE. This is another idea that I am posting publicly for you guys to profit from. It should be taken into consideration how the Markets will open on Monday. If they open normally without a crazy gap this trade should be executed, otherwise my idea is canceled. Anyway, I will update this idea on Monday for more clarity. Enjoy the weekend!
no idea why xle sector the one who most down ,when i was sure it must be most up , as i saw xly most up now
investimeal
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@TORNADOF5, We are entering a Bull Market. Right now the SPY has been carried by the Magnificent 6 (TSLA hasn't been doing much). Once the Bull Market starts, which I think will start soon, or to be more precise it is starting all down sectors will go up with the Market. Based on this judgment, fundamental analyses of the sector (I think it is cheap) and technicals (It is at a very important level, did a spring lower than support to hit liquidity and now got confirmation that the way to go is up. Adding all this to the puzzle what I have posted is a idea on 15 min which if my long term judgment is correct will be posted very often on my profile. My strategy is based on trend following. I don't know if I was clear but those are my thoughts...
investimeal
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@TORNADOF5, Also I don't bother with finding reasons because short term price is based on human emotions. Great companies can be sold for cheap and bad companies can be expensive. This is where opportunities are created and we as traders/investors should profit from those opportunities and execute. This is our job. If everything was priced the right way all the time there would be not much we would be able to do
TORNADOF5
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@investimeal, Bull Market starts soon ? with no correction ? :{ that mean most ppls are late ? :{ all big tech and spy maybe only thing IWM and XLE not late ,no idea by the way i saw on friday WWC made all time high even with no RUT the sectror , no idea why the move thanks
investimeal
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@TORNADOF5, There will be a correction in SPY which will be carried by the Magnificent 7 and Tech as it has a lot of weight on spy. XLE doesn't affect it much. To join the Energy sector it is a perfect opportunity in my opinion. For Tech you should not enter now. You should wait, I expect SPY to correct soon
TORNADOF5
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@investimeal, yes thank you im watching SU and BKR , BKR now on ithes trend line and i saw buyers on friday , premarket i see 1.30% down , will see how it go