Temporary breakout may turn into inverted cup so careful. Wait for clear breakouts, will keep you posted. Possible temporary small break at 95.60 Possible consolidation at 97
CPI comes in hotter than consensus. IWM slaughtered / QQQ under pressure / SPY closes negative. Yields & Dollar ripping. Oil ripping / Natural Gas selloff. Are we entering a new reflation trend?
I'm very confident that for long term real money investors (or long time horizon long/short) a switch/rotation now from tech stonks into oils will pay off massively over the next 1 to 2 years (100% relative basis)
XLE has made a decent run up and now sitting at a resistance band at the top of a channel. Look for a $2-3 pullback then retrace to highs.
Energy index is a confirmed buy on harmonics with extremely overbought internals and a negative moneyflow. SSTIS is a confirmed buy with a bull surge signal. 2D MV chart is a confirmed buy with an initial MVO bull surge signal. 2D MV fakeout chart for miners is a confirmed buy with an initial MVO bull surge signal. SVT will quit from all the energy stakes in a few...
XLE Uptrend intact? Energy ETF is showing a clear uptrend for the last few months. let's see how this trend evolves
XLE/SPY Relative ratio long term, now at 2008 levels, still looks good on short term daily charts
This chart looks very solid in my opinion...a buy in my book and shows that we should see a very strong move up over the next few months.
Energy index is a short-term sell with a longer-term buy signal on harmonics. SSTIS is a confirmed sell with a bull surge signal, 2D MV chart is a short-term sell with a longer-term buy signal.
Energy index is a short-term sell with longer-term buy on harmonics with extremely overbought short-term internals . SSTIS signals a short-term sell with a longer-term buy signal but signals healthy bullish internals. 2D MV chart signals a confirmed buy and we can see here a strong decline of the bullish internals on MVMF-H while price is going upwards. This is a...
It's been a long correction for the energy sector but if we see a breakout here it might lend weight to my argument that XLE has indeed started a 5th wave according to EW theory.
I know this monthly candle stick isn't finished, so this will be an important week for the energy sector. This is crazy, so back in 2008 we made a high at 91.36 right. Then we had a false breakout in 2014. It failed to breakout in 2022, 2023, so is this the year for XLE to finally breakout from this level? We have an ascending triangle forming as well. What's...
#energy AMEX:XLE follows through higher, keeps reversing on the monthly, quarterly target 92.56 (4.8% higher) for the outside candle to complete. #TheStrat 👀
... for a 85.43 debit. Comments: Looking to attempt to grab the March dividend, which has been averaging around .80 over the past four distributions. Metrics: Buying Power Effect/Break Even/Cost Basis in Shares: 85.43 Max Profit: 2.57 ($257) ROC at Max (ex. dividend): 3.01% ROC at Max (w/dividend): 3.94% (assuming an .80 distribution) ROC at 50% Max (ex....
Momentum is extremely strong that has already broken above previous high in RSI. It will make an all time high. Seasonality also favors energy into June. Meanwhile, DXY is beginning its wave 3, which will make energy and metals fly.
XLE and oil stocks have been consolidating since 2022 and has finished the 3-wave correction and is moving out of this long term base. Oil futures also has bottomed. Another confirmation is that all these instruments are holding above the moving averages.
Energy index is a confirmed buy on harmonics. SSTIS is a short-term buy with a longer-term sell and a fake bull. 2D MV chart is a short-term sell with a longer-term buy.
SSTIS is a confirmed sell with a fake bear setup. 2D MV chart is a short-term sell with a longer-term buy signal. 2D MV fakeour chart is a confirmed buy with a fake bear.