In this update we review the recent price action in XLE and identify the next high probability trading pattern and price objectives
I have wanted to do an overview video of Sector Rotation for Best of Us Investors for a while. In this video I give a high level view of the theory of Sector Rotation and how it can be used to forecast the flows of money into different sectors at different times in the market. I also include my current analysis of where the next sector rotation is likely to occur.
back on TradingView for a quick update on the S&P 500. This thing is not looking good. We have one awkward-looking, nuclear power plant style, head and shoulders here. The 100day MA is about to cross the 200day MA and also both are becoming resistance. From a technical perspective, this thing has COV_ID. From a fundamental standpoint in this economy, this thing...
Don't listen to all the pundits when they tell you the market is strong. If you had to borrow money every year to keep up your lifestyle and pay off those debts with larger debts, would you say your personal economy is strong? No. That's exactly what the government has done for decades and the chickens are coming home to roost. The SPX (S&P 500) has been phantom...
Oil exploding higher again making a 7 day run of 38% and XLE running up 14%. Long-term XLE is my play, raking in the dividends but taking profits relatively soon might be wise. We are right at the resistance level for XLE that looks to be pretty heavy but that resistance isn't like the Ukrainian military so I think it's more likely we blow through that level if...
As war drums are beating and WW3 may be on the verge of becoming a new reality, oil is ripping the faces off of people shorting it. It's also ripping your wallet apart. I expect a sell-off at some point if it continues at this rate but probably not before making new all-time highs above $150/ barrel. I expected XLE to get to $135 over the next 4-5 years but now it...
When war drums are beating, markets take a beating. If WW3 begins, all bets are off in stocks so expect wild swings and crushing sell-offs. People don't want their stocks locked up where they can't sell and I don't blem them. It's effectively a bank telling you that you can't pull your money out. Another reason I use crypto for a large part of my investing....
Wave ((5)) has unfold into clear impulse structure. We will continue to monitor for any reversal sign and we are expecting a retracement after completion of wave ((5)). -- Pengiran.
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.
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
Hello 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.
Hello and Welcome, My outlook is bullish in xle and looking for a big move above 60.
Check 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,...
In this video, I want to show you how the XLE is behaving in a multi year trend and what I expect in the next few weeks. Disclosure: These are my opinions and should not be taken as investment advice. I only draw lines on charts.
SPX with a key back test of the 3389 level overnight as it's trying to break up over the 3411 level. If it can over 3411 it should trigger a test of the key 3425 level. This is a key level from our double top back in September. SPX is opening stronger than NAS and this is mainly because of energy and financials. If energy and financials are able to join this...
The final part of the puzzle is overlaying a chart pattern that lines up with your fundamental view. Once all ducks are in a row (Macro, Economic, Bottom-Up analysis) we can look to Elliott Wave to help us to enter a trade at a low-risk entry point and take advantage of a high probability trade opportunity.
Have a great day
Have a great day all!