XLE - Higher to complete Wave ((5))Positive development of XLE since our last posting. We can see a clear price movement in motive wave fashion for wave ((5)). For now we are still expecting price to push higher to complete wave ((5)). -- Pengiran.
XLE
XLE - Wave ((4)) correction in progress.We are on the late stage of wave ((4)) development and expecting price to move higher for wave ((5)) to complete this impulse sequence. -- Pengiran
XLE: Elliott Wave ForecastHello and welcome,
I am expecting more upside to complete wave 5 of v, the alternate as i mention is that this wave top will be the 5th of 3rd wave.
XLE: Looking for wave (3) of 3Hello and Welcome,
My outlook is bullish in xle and looking for a big move above 60.
Energy vs Everyone $XLE vs $VTDoes XLE reverse the relative downtrend vs $VT that started nearly a decade ago? With the month coming to an end soon it'll be interesting to see where this candle closes.
SPY ProjectionsAnalysis done on daily candles. Markets are bracing for a Russian invasion into Ukraine in the coming days, which is sending equity markets lower, but also providing opportunity in other sectors. In the last few weeks we've seen the high valuation stocks begin to correct themselves into reasonable prices, but we saw sectors that have been stagnant in the last 24 months finally moving. Energy, consumer defense, and precious metal sectors didn't perform nearly as strong as tech stocks did after the Covid-19 lockdowns, but the rising fears of potential war is bringing buyers into these fields. We'll be focused on those two sectors for bullish trades and also capitalizing on bearish moves by playing option puts. We have a few names in mind to trade in each sector, but we'll wait until the right time to enter. During times of uncertainty as such, markets will largely be controlled by news updates so our plan as always is to come in knowing which sectors react to what and then executing trades on the stocks with most movement in those sectors. Looking at SPY's chart, Friday ended back in vulnerable territory and the news from the weekend may send us to retest the 420.00 level again. If we break below then 400.00 is a potential next level for SPY to move towards; this will provide opportunities to take on short set ups in the overvalued companies on our radar.
XLE target reachedXLE has blown past nearly all of my price target to sit underneath 69$. Daily chart is showing some sign of relief.
XLE to hit $130 by Jan 2025 a 300% gain from 2020 lowsCheck out the two trends prior to this. Clearly, you can see the run of over 300% that was 6 years long and then another 5-year trend at 142% gain. I believe we have entered commodities run and companies that produce oil and sell gasoline or diesel are going to benefit hugely. I am making a call that by January of 2025 we will see XLE at $130. Even if it doesn't, WTI Crude will hit that $130 mark. Two calls right there I think are very realistic repeating that 5-6 year trend which also matches the first 300% gain although the climb may be steeper. I think that climb coincides with how much inflation we have so I believe it's still a fair analysis overall.
If you have not watched my recent video on hyperinflation, I suggest you do. At least go compare a 1month chart of the M2 money supply (M2SL) to the SPX. Hand a hand increases and parabolic running back to 1960. It looks to be sometime around 2025 we hit our first level of lift-off, straight up as the curve stops and begins to head to the moon. This happens to land around my chart here with XLE being at $130 by 2025. After 2025 all bets are off. WE could be heading into a massive inflationary person and it could be a billion per share or something crazy. That number won't matter anymore of course as it's only nominal.
It’s time to fly with BoeingI have waited quite a while for Boeing to look like a buy and i believe it’s time. The falling wedge has showed slowed selling into support and fib’s 382. Monthly and weekly stochastic are also converging to upside. The safe thing to so may be to wait for the wedge to break, but I am of the belief that the time is now. Also, I have considered $XLE breaking out already and see $BA following suit.
Not financial advice. I have linked my past Boeing charts.
Happy Trading.
$XOM bullish break above long 7.5 year trendline on monthly$XOM bullish break above long 7.5 year trendline
And on the weekly looking like a golden cross (w/ my 35 & 180EMA’s which are quite reliable)
No trade plan right now, just an observation… I sold at 70.83 on the last swing but will add this one to my radar of things that could stay bullish. Energy stocks $XLE (SPDR Energy Sector ETF will be on my list as well)
Definitely a bullish move and I’ll be looking on the smaller timeframes for a possible entry…
Though, also noting, that in the last financial crisis XOM did decline as well, so that trendline will be watched carefully…
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
Energy Sector going Down. XLEImmediate targets 60, 58, 57 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
$PXD at PCZ of Bearish Alt-Bat with Bearish DivergenceWe have Multiple Instances of Bearish Divergence on both the MAC and RSI at the PCZ of a Bearish Alternate Bat and at Price Level Resistance I expect to see a significant Bearish pullback from here.
$CTRA: Lower Low Hidden Bearish Divergence Monthly ContinuationWe have Hidden MACD Bearish Divergence on the Monthly and if proceeded by follow-through price action we can be in the midst of breaking through the confirmation line of a 3 Rising Peaks. Upon Breaking through i suspect it will give us an ABCD BAMM movement all the way down to a minimum 88.6% retracement but at a maximum it could go slightly lower than that.
Bearish Divergence on US DollarThis is a long term monthly chart of the US Dollar. There was a bullish divergence back in the 1980's that preceded a long term strengthening dollar throughout the 90's. There's a bearish divergence that started in 2014 and is intact today. I don't like to put to much emphasis on inter-market analysis because it can cause paralysis by analysis. However, wouldn't this question the breakouts we see in banks? Would this confirm the breakout we're seeing in energy continuing from last year? If the dollar does weaken even with higher interest rates does that mean that inflation is here to stay? I have no idea. LOL. I'm no economist but I think this chart is interesting. Thoughts?
Week 4: Sector ETF Expectations I use sector ETFs in my IRA account. Currently, I hold XOP and XLF, and I wish I held XLE. I will try to buy XLP (Which shouldn't be a problem) next week.
For Week 4, I'm expecting XLF to firm up and XOP to come in a bit. XLE would be kind to give me an entry point at prior resistance/ support, but we'll see. Oil looks darn strong at the moment.
XLF (Held), hurt me Friday, but held support.
XLE on fire
XOP (Held), can it hang on and break through resistance?
Energy ($XLE) Relative to S&P 500 ($SPY)The energy sector is looking to breakout of a 2-year consolidation phase. Perhaps 3rd time is a charm. Largest components of $XLE include: Exxon Mobil ($XOM), Chevron ($CVX), EOG Resources ($EOG), Schlumberger ($SLB), & ConocoPhillips ($COP).
$SLB — ShortEnergy has been on an absolute tear lately but it can't rise to the sky.
It is very overbought according to the oscillators and RSI.
I also am eyeing that open gap which lines up right with the 0.50 fib channel retracement level.
XLE 55/53 Put Credit SpreadOpened for a 0.25 Credit
XLE is making a strong move upwards, this filled on the afternoon pullback. If this pulls back in the next few days I will add the call side to turn this into a IC. This will provide me delta neutrality and allow me to play the range from 55-60.
$XLE $SXLE 2022 Setup Perfect formation and setup for Energy stocks which I expect bullish performance till end of Q2 2022 and by then most likely 2 interest hikes will be already done. Then as of Q3 also due to base effect inflation will start to come down and rotaion will be from value to growth stocks.
on Weekly chart it is even more visible. My 2022 portfolio will be on precious metals gold and silver (more on silver) and energy stocks till June-July and then switching to beaten down tech stocks like ARKK, ARKG, SE, LSPD NOW etc.
TOPUP Buying The Dip Strategy //This is just a TOPUP Buying The Dip Strategy that you can incoporate with your existing DCA type investments
What I like about trading Commodity based ETF (i.e Oil and Gold), every falling price will always means its just a correction. Meaning, after a dip it will again rally. Unlike stocks, it's difficult perhaps borderline impossible for commodity price to fall below zero (in this case for oil, it did but not for long) hence ETF that tracks the price of Oil will never go below zero.
Everytime this ETF make 50% correction, you buy the ETF shares. That's the strategy. Now I do not recommend to use a buy and hold strategy here. You need to decide how you want to take profit as soon as you buy the shares. Percentage based? Momentum based? trailing stop? fundamentally based? All up to you
The whole point of this post is to show every correction/falling price, its an opportunity to buy. This is a monthly chart and such opportunity only occured 3 times in the last 20+ years.. hence why I call this just a TOPUP strategy.
This can work with other commodity based ETF and you even can use this for SP 500 but waiting for 50% correction would be very rare but perhaps shorter corrections like 6-8%
Halal way to trade the movement of the Oil prices : ETFI am a Muslim so there are issues about the halal-ness in trading CFD, particularly the Brent CFD (BCOUSD in Oanda)
My solution for this is to buy an ETF that tracks oil companies (Oil companies stock price movement generally moves almost the same as the price movement of Brent and WTI). I found either FENY and XLE as great ETF for this. Unfortunately USO and UCO are tracking Brent futures.
I will use the Brent price chart to determine when I will swing trade FENY or XLE ETF. Look at the chart and it is self explanatory
Cool thing is sometimes FENY will perform slightly better than Brent CFD (13.87% for Brent / 16.85% for FENY for this particular timeframe)
SPDR Energy Sector Fund pulling back momentarily. XLEConsolidating here to the third degree and looking for an eventual downward Wave B. Even if its a shallow pull back, there is still much time and space for this thing to drop in the coming days or weeks.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$ERII: Midstream Dream$ERII setting up with a really nice base in the energy space, I'm being very selctive about $XLE and energy names due to political risk and potential commodity gluts.
