Articles Related to XLE

We shall return you to Energy! We shall return you to Energy! We shall return you to Energy!

To say that StockWaves has been following the Energy sector closely since 2020 is a bit of an understatement. After XLE XOP ripped up 100% off the March 2020 we wanted to see some nice retraces. As we were bottoming in an ABC down from June2020 into the Oct/Nov 2020 lows and got an initial move up we posted an article on SeekingAlpha in Jan. https://seekingalpha.com/article/4397923-riding-stock-waves-update-on-energy-sectorIn that we highlighted some of our favorite names and laid out the case for a longer term upside swing at Intermediate degree as either a (3) or (C).
by Zac Mannes - 1 month ago

$XLE - Elliott Wave Chart Analysis on Sep 20th, 2018

XLE may need a brief consolidation in wave ii of (iii) before continuing higher.
by Garrett Patten - 3 years ago

$XLE - Elliott Wave Chart Analysis on Aug 20th, 2018

XLE can easily count as bouncing in a micro 4th wave, similar to crude, before a final low to bottom between 71.50 - 69.80 as wave b of 3.
by Garrett Patten - 3 years ago

Key Sectors and Ingredients for Rally Continuation

key sectors...held where they HAD TOO....they where the tape tell that gave the confidence yesterday should be IT....as i've been harping on for a few weeks....the 4 horsemen to take this tape up an out remain: Industrials, Materials, Financials...and Emerging markets (yes not a sector).... since all these held beautifully and positions are set....now we are just left with watching patiently as they need to just continue to plot along Continuing their paths... reversals would be warnings...but till then nothing to do...lazy river for a bit....
4 years ago

Sticking with the Multi Month Swing Trades

Not seeing anything to change my tune....Back out play the Daily charts (if you have a swing trader mentality). Likely to be a bunch of noise the next 48 hours and this week with FED, NK summit etc etc.... I'm headed to New Yawk for a work deal in a bit for my flight...so won't be on much till Thursday when i return.....keeping my core swings as posted to Jan, Mar and June 2019....and some of the momo shorter dated for now... As Industrials, Materials, Financials and HC keep strenghthening I believe they will LEAD as stated a bunch of late...Consumer Discretionary and Energy just needs the continuation leadership.... once EEM jumps on board...
4 years ago