VDE tracks a market-cap-weighted index of US energy companies. The index includes those companies deemed investable by MSCI and covers 98% of the market.
As the energy sector is heating up, it could be time to start locking in profits or raising stops to protect profits earned from the recent run up
Energy more then likely will continue the overall uptrend in the long term as it works it way back towards its 2008 highs however from the recent short term high as the sector has run into a major resistance area over...
Vanguard energy ETF VS Clean energy ETF. Feel the difference.
In the update you will find the wave structure of the clean energy ETF, still a lot of upside to come!
VDE is going through a Fibonacci time zone on January 25 I see the ETF recovering up to $59.36 on January 29 before dropping to the $56 area where the confluence zone is.
I would look to get out around 47.30$ maybe even a bit lower , not sure what your target was
this analysis is personal opinion , in no way it's a professional guidance for a particular position. I do wish you luck, sounds like this one will be a great winner for you :))
what's your vision on it, where do you think you will actually get out?
sometimes its best...
Investing in VDE now could give you more profits, but investing now doesn't gurrantee anything. Still would wait until breaks through 200 day moving average of 69.80.
While a bit premature, a tactical long position in VDE with a tight stop makes sense. IF Energy is making a lower-intensity higher-low then it may turn around these levels. Stop is tight because the ST downtrend has not been broken yet. Risk/Reward is compelling.
In June 2010, after 50% retrace it bounced strongly and gained 66% in the next 10 months. Is it in a similar situation today? we will have to see how it behaves in June.
MACD broke out, RSI rising channel formed. and price is breaking out of the channel. A pullback from here is reasonable but a continuing rising RSI may signal a strong breakout in coming weeks.
NYSE Arca
