Tag Archives: Spdr S&P Oil & Gas Exploration & Production ETF

Trading Strategy – Spdr S&P Oil & Gas Exploration & Production ETF


Energy sector popped Wednesday after weekly data from the Energy Information Administration showed a smaller-than-expected crude inventory build.  As such, the Spdr S&P Oil & Gas Exploration & Production ETF (XOP) jumped 2.67% to 37.26.  The near-term technical outlook remains very constructive, according to our “U.S. Market Trading Map”.  Below is an update look at a trade in XOP.

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.  The yellow bars identify period of neutral or sideways trading pattern.  Additionally, the light-blue shading represents the short-term trading range.  A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading).  Readings above or below the red and green shaded areas are considered extremely overbought or extremely oversold.


Chart 1.2 – Spdr S&P Oil & Gas Exploration & Production ETF (daily)

As indicated in the above chart, our “U.S. Market Trading Map” was looking at XOP from a Buy side back in March 27, 2017.  XOP printed a bullish divergence on Monday when it broke down to multi-month low and the MACD indicator is making a notably higher low…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.


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