IF this count is correct we could be at a temporary or even possibly a long term bottom. I have two "B " , if the 2nd one (B?) is the correct one then may have more drop to the .84 retreat. Must watch the price action the next couple of weeks for comfirmation. Process you way. Have a great week.
OPTIONS LIQUID EARNINGS ANNOUNCEMENTS: MU (77/112) NKE (74/103) EXCHANGE-TRADED FUNDS ORDERED BY IMPLIED VOLATILITY RANK: EWZ (91/132) USO (89/210) XLU (84/76) GDXJ (82/141) XLE (77/109) EWW (76/105) SMH (73/105) TLT (71/47) XOP (63/154) SLV (73/79) GLD (63/37) FXI (61/63) GDX (57/106) BROAD MARKET ORDERED BY IMPLIED VOLATILITY RANK: IWM (76/71) EEM...
Needs to bounce here soon otherwise may go straight to 17-18 area
EARNINGS: ADBE (89/65) and ORCL (77/60) both announce earnings on Thursday after market close and have the metrics I look for in earnings-related volatility contraction plays (>70% rank; >50% 30-day implied). Pictured here: a short strangle paying 11.65 at the mid price camped out around the 16 delta. Its defined risk counterpart: the 265/275/395/405 ten-wide...
XLE is a strong sell! Will update. Option Trade will be posted soon at fibmarketwatch.com -AB
EARNINGS: TGT (93/52) and COST (91/44) announce earnings next week, with a directionally neutral TGT short strangle shown here paying 3.87 at the mid price, delta/theta 1.01/9.64. EXCHANGE-TRADED FUNDS ORDERED BY RANK AND SHOWING THE FIRST EXPIRY IN WHICH THE AT-THE-MONEY SHORT STRADDLE PAYS GREATER THAN 10% OF THE STOCK PRICE: XLE (99/55), April XOP (97/79),...
Hi everyone, today I am reviewing. the energy index XLE on the weekly time frame. XLE seems to be following a 44 week cycle. XLE made a triple top formation from beginning of 2018 till about 2018 November ever since then it has got into a declining phase, consistently making lower highs and even lower lows. Price has recently breached the previous lows made in...
4H Chart Explanation: - Price is on an important Weekly Support Zone. Price may bounce from here. - To confirm the up move, wait for price to break the Descending Trendline. - After that, we expect a Bullish Corrective Structure to trade it towards the Resistance Zone. Weekly Vision: Daily Vision: Updates coming soon!
Tomorrow morning I will buy QQQ PUT Today's trade: XLE XOP GILD UNG
Loses 50.51-51.00 support area and recession closer than many think
I'm posting this one as an update to my broad stock positions outlook. For now I've moved to cash in all positions, and bought some energy, gold/mining/oil and added to my #Bitcoin holdings with proceeds. I also have some bearish bets in #AAPL, might be a good idea to reduce risk. My bullish posts for stocks might end up resulting in a failed signal, or maybe they...
While the horizontal line continues to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows, XLE is forming the ascending triangle pattern as a bullish information. The target could be taken at the horizontal line which also considered a resistance and a stop loss could typically be placed just outside the pattern on the lower...
XLE price is trading inside a Triangle pattern - between the 200 days MA line and the trend line marked in the chart. A close below 60$ will probably drive XLE lower, towards 56$ A close above the 200 days MA line can lead to a rally that will take XLE all the way up to complete two bearish harmonic patterns (near 65-66$)
$XLE perfect backtest of breakout from symmetrical triangle. I love trading this type of backtest because RR is favorable and downside risk well defined $WTI $XOP $CL $USO #oil
The $61 level has been really important for #oil this year. Price is retesting now, along with falling resistance from the Apr and Sept peaks, and resistance from the rising channel begun in late Sept. $USO $WTI $CL $XOP $XLE
$XLE Perfect 5-point channel from February with clean breakout. RSI breaking out. Could possibly see quick throwback to 60.40 (trend line retest & test of horizontal support), which would be a solid long entry from an RR standpoint $XOP #oil $CL $WTI
Brief analysis on crude in 3 bullet points(chart will be updated continuously) ; Series on Commodities - 21st of November I do realize most people trade oil on daily frames. Oil prices heavily impact global growth, and this is the primary purpose of this chart. It's a necessity and it's essential to know the macro trend, even in trading. Before I get into the...