Welcome to Capital Essence

Sign up for a FREE MEMBERSHIP to read tons of free content. Take a 30-DAY Trial Offer to access premium research and trading strategy. Check out our Investment Blog for the latest trading/investment ideas. If you want to go beyond the latest numbers, our Market Outlook will tell you why the market does what it does and what it means for the next day’s trading.

 
One of the noteworthy developments in recent days has been the move in energy and energy related stocks. The groups were under selling pressure as soaring U.S. crude oil production and rising inventories weighed on crude prices.  After falling more than 4 percent in 2017, the Energy Select Sector SPDR ETF (XLE) down more than 6 percent YTD, underperformed the S&P by a wide margin.  Now the question is whether this is a beginning of the end or there’re more pains ahead?  Below is an update look at a trade in XLE.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red. 

Chart 1.1 – Energy Select Sector SPDR ETF (weekly)

Our “U.S. Market Trading Map” painted XLE bars in red (sell) – see area ‘A’ in the chart.  Over the past few weeks, XLE basing sideways using the 2016 rising trend line as support after the massive February selloff pushed the ETF below the 20-week moving average.  That level was significant when XLE climbed above it mid-2017.  It’s now acting as strong resistance…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

Subscribe to CEM News to receive more in-depth research from Capital Essence.

P.S. Take advantage of the 30 days special trial [new member only]. Join a small group of elite traders and receiving these daily trading ideas by click here to subscribe.

Archives

Translate this Page