XLE Forecast + Trading Strategies


Bullish Case: XLE showcases a recent uptrend, with Helium's bullish risk exceeding bearish risk by 73%, indicating potential for continued ascent.


Bearish Case: With current flat term implied volatility and historical mean reversion, there's potential for XLE's recent gains to subside.


Potential Outcomes:

1. XLE continues upward: 40%, recent trends.

2. XLE corrects or flattens: 35%, mean reversion.

3. Unpredictable market event shifts direction materially: 25%.


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April 17, 2024


Energy Select Sector SPDR Forecast

XLE        Energy Select Sector SPDR
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with XLE



XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.98)


MTDR Forecast + Options Trading Strategies   MTDR  Matador Resources (0.93)


USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (0.93)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (0.92)


NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to XLE



JWN Forecast + Options Trading Strategies   JWN  Nordstrom (-0.0)


YUM Forecast + Options Trading Strategies   YUM  Yum Brands (0.0)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (-0.01)


GL Forecast + Options Trading Strategies   GL  Globe Life (-0.01)


INMB Forecast + Options Trading Strategies   INMB  INmune Bio (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against XLE



PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (-0.7)


BCE Forecast + Options Trading Strategies   BCE  BCE (-0.71)


VRSN Forecast + Options Trading Strategies   VRSN  Verisign (-0.72)


SONY Forecast + Options Trading Strategies   SONY  Sony Group Corporation (-0.74)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.79)





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