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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



ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (0.99)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.97)


HES Forecast + Options Trading Strategies   HES  Hess (0.94)


ERF Forecast + Options Trading Strategies   ERF  Enerplus (0.93)


OVV Forecast + Options Trading Strategies   OVV  Ovintiv (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to XLE



SYY Forecast + Options Trading Strategies   SYY  Sysco (-0.0)


NLY Forecast + Options Trading Strategies   NLY  Annaly (-0.0)


GLW Forecast + Options Trading Strategies   GLW  Corning (0.0)


UHS Forecast + Options Trading Strategies   UHS  Universal Health Services (-0.0)


SIGA Forecast + Options Trading Strategies   SIGA  SIGA (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against XLE



CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.74)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.77)


PRFT Forecast + Options Trading Strategies   PRFT  Perficient (-0.82)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.96)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.99)





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