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



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 (0.98)


OVV Forecast + Options Trading Strategies   OVV  Ovintiv (0.95)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (0.93)


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



Uncorrelated Stock Forecasts

Assets with little price relationship to XLE



OPRA Forecast + Options Trading Strategies   OPRA  Opera (-0.0)


JWN Forecast + Options Trading Strategies   JWN  Nordstrom (0.0)


SIL Forecast + Options Trading Strategies   SIL  Global X Funds - Global X Silver Miners (0.0)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.0)


STTK Forecast + Options Trading Strategies   STTK  Shattuck Labs (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against XLE



CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.78)


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


MODV Forecast + Options Trading Strategies   MODV  ModivCare (-0.82)


PRFT Forecast + Options Trading Strategies   PRFT  Perficient (-0.84)


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





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