SELECT SECTOR SPDR ENERGY FUND (XLE) (d-w-m) (p2)

Updated 2/4/2016.   Below, we shall take a look at what the charts can tell us about where the SELECT SECTOR SPDR ENERGY FUND  (XLE) might be, or is going …

$55.33 down -1.905 (-3.33%)  as of 4:00:00 PM ET 02/02/2016

Reuters current XLE quote and more

 Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services. The Fund’s investment advisor is SSgA Funds Management, Inc.
                                    –  –  –
 Top Holdings  XLE Fund, Weight (%) (as of 12/31/2015)
  • Exxon Mobil Corp,  18.37
  • Chevron Corp,  14.50
  • Schlumberger NV,  7.70
  • Valero Energy Corp,  3.99
  • EOG Resources Inc.,  3.98
  • Occidental Petroleum Corp,  3.78
  • ConocoPhillips,  3.57
  • Pioneer Natural Resources Co,  3.56
  • Tesoro Corp,  3.35
  • Phillips 66,  3.26

Global markets are worried about the price of crude and the contributory factors to crude struggling to hold above $30 per barrel … down from 2014’s over $100 per barrel.   OPEC has embarked on a strategy to maintain market share by oversupplying the market in the face of weak demand.  Offsetting that crude supply exceeding demand, we have the US EIA reporting that an additional  one hundred million barrels of USA storage has come online, and globally, reports also show additional storage for crude is being built.     There is more … both pro and con, which I will expand upon later.

 Related previous XLE analysis: 

SELECT SECTOR SPDR ENERGY FUND (XLE) d/w/m

US Energy Information Administration   (US EIA)

                                         –  –  –
  I.  Select XLE metrics
Primary Exchange    NYSE ARCA
  • Volume   25,216,317
  • Average Volume (10-Day)   35,779,743
  • Average Volume (90-Day)   22,841,317
  • 52-Week High    05/05/2015   83.66
  • 52-Week Low     01/20/2016   49.93
  • Price Performance (Last 52 Wk)   02/01/2016   -24.24% 
  • Indicative Intraday Value as of 7:29:51pm ET 02/02/2016  55.2433
NAV (Prev Day) as of 02/01/2016      57.2603
Bid/Ask Midpoint (Previous Day) as of 02/01/2016    57.215
Bid/Ask Spread (1 Month Average) as of 12/31/2015   0.02%
Premium/Discount (Previous Day) as of 02/01/2016   -0.04%
Premium/Discount (1 Month Rolling Average) as of 02/01/2016   -0.02%
Net Assets as of  12/31/2015    $11.5B
Net Flows (Prior Trading Day)    -$151,502K
Shares Outstanding    199,074,000
Shares Short                  49,119,799
Short Interest as a % of Shares Outstanding    24.52%
Days to Cover                          1.73
                                    –  –  –
Dividend Info
  • Ex-Date      12/18/2015
  • Distribution Pay Date    12/29/2015
  • Distribution NAV   58.77
  • Long-term Capital Gain    —
  • Short-term Capital Gain   —
  • Return of Capital    —
  • Dividend Income   0.542236
  • Distribution Yield (TTM)    3.39%
  II. Energy Select Sector SPDR ETF (XLE.P) Charts (d-w-m) thru 2/2/2016 close

 

xle 20160202 d

 

( 1)  Analysis of XLE DAILY Chart activity thru Tuesday’s (2/2/2016) close at $55.32
   The current XLE trend, in the above daily chart, is down and all orders on the short side may be considered.  A Stochastic Sell in the direction of the major trend was generated today.  If already holding short positions, look to take partial profits at any retracement to 58.27. Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 58.27Be prepared for a potential short term price move up … back to the 56.32  area.
Suggested placement of capital conserving stops:
If Long,  exit all contracts at:    49.94
If Short,  exit all contracts at:    58.27
 ( 1.a) Additional (XLE) Daily chart observations
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  •   Note: this chart shows extraordinary price action to the downside.
 ( 1.b) (XLE) Price projections
  • The upper projected target is: 59.06.
  • The lower projected target  is: 51.05.
  • The projected closing price is: 55.06.
  •   Note: these price projections are for reference only, and can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.
 ( 1.c) Daily Chart Simple Moving averages (SMAs)
  •  3 day sma red, dotted   56.91
  •  9 day sma dk grn solid  55.52
  • 20 day sma red solid     55.50
  • 50 day sma purple solid    60.15
  • 100 day sma blue solid     63.24
  • 200 day sma green solid    68.69
  • 400 day sma grey dot dash  77.11

 

xle 20160202 w

( 2)  Analysis of XLE WEEKLY Chart activity thru Tuesday’s (2/2/2016) close at $55.32
   The current trend, in the above weekly chart, is down and all orders on the short side may be considered.   The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side.  If already holding short positions,  look to take partial profits at  any retracement to 63.73.  Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 69.12Be prepared for a potential short term price rally back to the 61.50 area.
Suggested placement of capital conserving stops:
If Long,  exit all contracts at:    49.94
If Short,  exit all contracts at:    71.93
 ( 2.a) Additional (XLE) Weekly chart observations
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  •   Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction RALLY towards 69.26.
 ( 2.b) (XLE) Price projections
  • The upper projected target is: 61.10.
  • The lower projected target  is: 48.53.
  • The projected closing price is: 54.82.
  •   Note: these price projections are for reference only, and can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.

 

xle 20160202 m

(3)  Analysis of XLE Monthly Chart activity thru Tuesday’s (2/2/2016) close at $55.32
   The current trend, in the above monthly chart, is down and all orders on the short side may be considered.  The current market price activity is Strongly Bearish and suggests favorable trade opportunities on the short side. If already holding short positions, look to take partial profits at any retracement to 79.11. Traders with remaining short positions, after profit taking, should consider placing capital conserving stops in the region of 83.66.  Be prepared for a potential short term price rally back to the 71.16  area.
Suggested placement of capital conserving stops:
If Long,  exit all contracts at:    49.94
If Short,  exit all contracts at:    83.66

 

 ( 3.a) Additional Monthly chart observations
  • Overall, the bias in prices is: Downwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  •   Note: this chart shows extraordinary price action to the downside.
  ( 3.b)  (XLE) Price projections
  • The upper projected target is: 66.35.
  • The lower projected target  is: 43.74.
  • The projected closing price is: 55.04.

  Note: these price projections are for reference only, and can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.

 

  ——  Monday, 2/1/2016 thru Friday 2/5/2016  ——-

  •  ( x)   All Links can be opened in a new tab or new window …
  •  ( xi )  I will be returning and adding more related chart info including links to charts with  daily, weekly, and monthly chart analysis

 

Please read:

 
              [ Blogs ]

Hope the above SELECT SECTOR SPDR ENERGY FUND  (XLE)  calculations for Tuesday, 2/2/2016 help your investing and trading today …

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s