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XLE

Oil ETF, $OIH with a "head & shoulders" patternA lot of analyst have been publishing bullish outlooks for AMEX:XLE . But we have AMEX:OIH in our portfolio for long term position and now is also making several bullish signs. Bullish divergence with the MACD, above average buying volume and price action making a head & shoulders pattern (reversal pattern). This trade would be a short term trade. The buy point is on the breakout above $197 and the target for profit taking is at $230 for a 16% profit. The projection for price target comes from the rules of the "h&s" pattern. According to the Bulkowski Chart Pattern Ranking (thepatternsite.com), this pattern is Rank #1 with a 50% chances of a throwback after the breakout, so be aware.
AMEX:OIHLong
by dpuleo19
Sector Winners and Losers week ending 9/17Energy (XLE) topped the sector list this week after the OPEC Monthly Report on Monday projected that demand for oil would exceed pre-pandemic levels by next year. The sector also got a boost from Crude Oil Inventories data released on Wednesday that showed much higher demand than expected. Consumer Discretionary (XLY) moved into second place after great Retail Sales data on Thursday. Utilities (XLU) and Materials (XLB) were the bottom two sectors for the week. Although markets were lower this week, investors did not flee to defensive sectors.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 9/3Defensive sectors led the sector list during a week where employment data kept investors guessing on the Fed's timeline for bond tapering. Real Estate (XLRE) led the list throughout the week. The sector is benefiting from low interest rates while it also remains a good hedge against inflation. The Fed continues to put full employment ahead of inflation as the priority for interest rate hikes, so the sector will continue to perform if labor recovery slows. Health Care (XLV) was the second best sector, following by Consumer Staples (XLP) and Utilities (XLU). The cyclical sectors ended the week lower with Financials (XLF) and Energy (XLE) sitting at the bottom of the sector list. The slowing labor market and missed PMI numbers this week showed some weakness in the economy.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 8/27A mix of growth and cyclical sectors topped the list this week. Defensive s all sectors declined for the week after topping the sector list last week. Energy (XLE) held the lead among sectors for the entire week, despite a pullback on Thursday. The sector completely recovered from last week's decline and marked a higher high this week. All of the cyclical and growth sectors had solid gains, with Financials (XLF) ending the week in second place. Technology (XLK) trailed the other gaining sectors, underperforming the overall S&P 500 but still finished with a +1.45% gain. Utilities (XLU) was the worst-performing sector for the week as investors rotated out of defensive positions and back into bullish cyclical and growth positions.
SP:SPX
by drewby4321
1
Sector Winners and Losers week ending 8/20Defensive sectors led throughout this week as the Market absorbed data that showed a slowing economic recovery and meeting minutes from the Fed that indicated tapering could begin this year. Utilities (XLU) and Health Care (XLV) exchanged the lead several times, and the finish was close. Utilities came out on top as a favorite place for investors to keep money in equities, but take a defensive stance toward the economy. Health Care also did well as the world watches another wave of the pandemic brought on by the Delta variant of COVID. Technology (XLK) also mixed in with the defensive sectors at the top of the list. Big tech seems to be another safe play for equity investors with Microsoft (MSFT), Apple (AAPL), and Alphabet (GOOGL) all turning in strong financials and appear resilient to new waves of lockdowns. Suffering the most from fears of economic slowdown as well as the pandemic, Energy (XLE) came in the last place for the week with a huge loss of over 7%.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 9/13Materials (XLB) led the sector list for the week, getting a massive boost on Tuesday and Wednesday after the Infrastructure bill passed the Senate. Industrials (XLI) also got a boost from the bill. Financials (XLF) contented for the top spot, gaining from rising Treasury yields that positively impact performance for the sector. However, yields dropped on Friday, and the sector dropped back to third place. The defensive sectors of Consumer Staples (XLP) and Utilities (XLU) also ended the week near the top of the list, signaling caution throughout the week as investors worry about rising cases of COVID in the US and around the world. Energy (XLE) had a few good days but ended the week in the last place.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 7/30Materials (XLB) was the top sector of the week as manufacturing and core durable goods data showed increase demand and was confirmed in consumer spending numbers. The growth in the sector was matched by increased prices in metal commodities required to support economic expansion. Energy (XLE) started the week strong and led several days throughout the week, but ended in second place behind Materials at the end of the week. The three worst sectors were the growth sectors, all losing for the week. Technology (XLK), Communication Services (XLC), and Consumer Discretionary (XLY) were at the bottom of the weekly sector list.
SP:SPX
by drewby4321
1
Sector Winners and Losers week ending 7/23Utilities (XLU) dropped to the bottom of the sector list after leading in the previous week. It was all about Growth stocks this week as investors put off fears of the economy and looked forward to record earnings reports from big tech. Communication Services (XLC) led the week thanks to huge earnings beat by SNAP and Twitter. Consumer Discretionary (XLY) and Technology (XLK) were second and third. Energy (XLE) briefly moved into the top spot on Wednesday afternoon before falling back and ending the week in second-to-last place. Only Utilities and Energy declined for the week.
SP:SPX
by drewby4321
Sector Winners and Losers week ending 7/16The sectors ended the week in a very character than they started the week. None of the leading sectors early in the week were leading by the end of the week. Financials (XLF) started the week in first as investors anticipated earnings reports from big banks that began on Tuesday. By Friday, the sector slipped to the middle of the list, ending the week with a -1.61% decline. Technology (XLK) and Communication Services (XLC) took over the top spots for Tuesday and most of Wednesday. They also reversed downward and ended the week with losses. The only sectors to end the week with gains were Utilities (XLU), Consumer Staples (XLP), and Real Estate (XLRE). The defensive sectors gained ground at the end of the week as worries over the economy grew among investors. Energy (XLE) was at the bottom of the list, dropping -7.89% this week. OPEC+ continues to have disagreements, destabilizing the sector along with the price of oil. Add the fears of a slowing recovery, and investors are exiting positions in the sector that performed well in the first half of 2021.
SP:SPX
by drewby4321
1
XLE SP500 Energy Sector SPDRWhen doing my sector research, I noticed that the stochastic levels were decreasing. I like levels under 50% and this is currently at 24% today. The put to call ratio is under 1 sitting at 0.92 post-market which indicates that there are a tad bit more puts that were closed today versus yesterday which indicates that more calls are slowly entering the market. The energy market is due for a spike in my opinion as the economy is slowly recovering and demand is slowly increasing with talks of the infrastructure bill along increased oil demand as of late. The only thing worries me is the lack of unemployment growth and job acceptance compared to job growth which has been increasing. As far as the chart itself, on the Daily timeframe I noticed that the RSI is in the "oversold" territory and the MACD just crossed over to the green territory which indicates a possible reversal soon to come. I've also noticed that "Support #1" has potentially been broken. I want to make sure my 4HR and 1HR time frames match to the daily regarding the RSI and MACD which it is pretty close in my opinion. Since "Support #1" has been broken, I went to the 4HR and 1HR to confirm in which I saw the Support #1 being broke through with strong bearish candles. This indicates that price could potentially begin testing "Support #2". I used the fibonnaci indicator to trace a potential retracement from and to the resistance and the support levels to create the discount price area and the target price area. Before entering I want to see bullish candles in the discount zone on the 1HR timeframe! I hope this give you some form of sentiment. Thanks for the support!
AMEX:XLE
by Redimere_91
Sector Winners and Losers week ending 7/9The short week was defined mainly by Thursday's sell-off in equities as Treasury bond yields were sliding. That gave a boost to two defensive sectors, Real Estate (XLRE) and Utilities (XLU), but the two sectors were already leading from Monday. The worries ended on Friday, but the two sectors remained in the lead for the week. Technology (XLK) and Consumer Discretionary (XLY) were the next two sectors at the top of the list, showing a mix of risk-on and risk-off sentiment throughout the week. The cyclical sectors moved from the top of the sector list on Wednesday to the bottom of the list on Thursday, back to the top of the list on Friday. Energy (XLE) was a consistent loser throughout the week until finally finding itself at the top of the list on Friday. However, the gains were not enough to move it out of the bottom position for the week.
SP:SPX
by drewby4321
22