Monday, September 16, 2024

Buying the Over-Sold Oil Dip

Trade of the Day Wake-Up Watchlist

"You probably don't have exposure to this ETF in your portfolio."

Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance

Bryan Bottarelli

AI demand continues to be a major market mover so far in 2024.

Last week the chip sector saw another rally after cloud company Oracle's latest earnings beat. But that wasn't the only development.

Oracle CEO Larry Ellison revealed plans for building a megawatt data center that will be used to train AI models.

These data centers will need over one gigawatt of electricity, which is a lot.

It's why I'm paying attention to the energy sector for a potential buy in The War Room this week.

The ticker I'm looking is The Energy Select Sector Fund (XLE).

XLE is a great way to get exposure to multiple energy companies without spending a ton of money on individual energy stocks.

With this energy ETF, you're getting portfolio exposure to 22 underlying stocks.

These companies primarily develop and produce crude oil and natural gas. Including ExxonMobil, Chevron, Schlumberger, EOG Resources and ConocoPhillips.

 

Trading Legend Reveals New AI-Powered Tool

Nate Bear
 

Nate Bear, the trader who turned $37k into $2.7 Million in 4 years, just revealed his groundbreaking wealth-building initiative...

A cutting-edge trading research tool powered-by AI that is finding explosive setups at an UNGODLY speed.

See the details for yourself:

>>> Watch The DEMO Here<<<

As you'll see in the chart above, XLE started bouncing on Thursday and was still looking good as of Friday. I think if it re-tests $88 by early October, that would be a logical and achievable upside goal.

Action Plan: Overall, the energy requirements for AI will be massive, and XLE is a great indirect way to get positioned on big oil companies without breaking the bank on individual stocks.

I closed a 5% winner on XLE in three hours last week in The War Room, and I'll be looking to reload on a pullback this week.

Last week I closed 5 total winners for an 83% win rate, including a 41.92% winner on ORCL in 1 trading day.

Click here to start getting all of my trade alerts in realtime today.

Zero Day Options Trade LIVE Tuesday, September 17 at 2 p.m. ET!

Secret Loophole
 

When The Gov't Drops Economic Reports...

This One Trade Could Have Made 253%... 327%... Even 383% gains...

Enough for overnight payouts of $25,300... $32,700... heck even $38,300!

Discover The Zero Day Loophole (BEFORE Tues at 2 p.m. ET!)

No comments:

Post a Comment

You ➕ this quiz 🟰 A certified genius

        Happy Friday! I think by now you've gathered that Fridays are for trivia, right? Of course you did because you're smart...