This will be the first of several videos covering some of the sectors, industries and commodities that appear to be setting up for objective trading or investing opportunities. This video starts with an overview of XLE (Energy Sector ETF) followed by the outlook for XOP (Oil & Gas Exploration ETF), OIL (Crude Oil ETN), USO [...]
Member @murphydoc inquired within the trading room if it appears that the Oil & Gas Exploration & Production stocks (ETFs: XOP, GUSH, DRIP) have bottomed. Hard to say if XOP has bottomed yet as there isn't any decent technical evidence in place to indicate that a bottom is likely in place. By my analysis, XOP could [...]
Analysis of the US stock market, various key sectors including gold & GDX.
The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities. There is over USD 7.8 trillion benchmarked to the index, with index assets comprising approximately USD 2.2 trillion of this total. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. (source: S&P Dow Jones [...]
As a follow-up to the May 8th post, S&P 500 Sector Analysis, XLE (energy sector ETF) has now come within 60 cents of that 64ish key support level with the bullish divergences still in place & close to being confirmed (via a bullish crossover on the PPO), should XLE build on today's gains. Previous chart [...]
Technical analysis including key support levels & chart formations on all 11 sectors of the S&P 500 Index in descending order by weighting. Click on first chart to expand, then click anywhere on the right of each expanded chart to advance to the next chart. Once expanded, each chart can be zoomed & panned for [...]
XLE (Energy Sector ETF) is currently trading just below a confluence of resistance levels (horizontal, uptrend line & downtrend line) while the intermediate-term trend remains bearish. Obviously, a break above all three resistance levels, particular the 71.65ish level, would be bullish, especially if confirmed with a bullish cross above the zero line with the PPO [...]