XLE Precision Timing 2021
As a reminder, during his November 1, 2020 weekend “Counts” webinar for Pro and Premium Plan subscribers, Sid Norris of ElliottWavePlus.com suggested that the large-cap Oil companies ETF: XLE would rally big for several months out of a 40-week cycle trough. XLE went on to rally from 101.52% (from 26.98 to 54.37) through March 11, 2022. See our previous YouTube video showing Sid’s call here.
XLE Call
Then, more recently, during his August 22, 2021 weekend “Counts” webinar, Sid suggested that the correction since March in XLE had likely ended, and that large-cap oil companies should rally once again for several months, this time out of a larger 18-month Hurst cycle trough. As of today, XLE is up 31.61% from its August 19, 2021 low.
The Outcome
To put this into perspective, had subscribers bought $10,000 worth of XLE at the open on November 2 ($29.11), and closed that position upon the first appearance of a deeply overbought pink exhaustion stripe on our daily charts (at $52.20 open on March 10, 2021), that 10K would have turned into $17,932, a profit of $7,932. Additionally, had subscribers bought $10,000 worth of XLE at the opening price of $47.00 on August 23, and held until the first pink exhaustion stripe occurred, taking profit at $57.62 on October 22, that would have turned the $10K investment into $12,260, an additional profit of $2,260. Total profit by these two example trades? $10,192. Not too shabby!
Our question for you is, if you aren’t a current subscriber, why not?
The Premium Plan consists of:
Nightly screenshots on over 20 trading instruments (stock index futures, commodities, currencies, bonds, etc.), showing the most recent momentum buy/sell signals, change stop to trailing indicators, and/or exit trade suggestions. Please visit ElliottWavePlus.com to see the full list of items covered.
Sentiment positioning on all items that contain sentiment data.
A nightly summary report including algo signals, sentiment conditions, Sid’s Elliott wave roadmap, and Hurst Cycle analysis on twenty items.
A nightly email letting subscribers know that today’s signals are available to view and download.
You’ll also be able to download a sortable excel spreadsheet showing the most recent 3-year backtest results. This sortable chart shows everything!
The Recording of the Elliott Wave Plus Quarterly Premium Plan Webinar – October 19, 2021
Another quarter has gone by, which means it’s time for Elliott Wave Plus to reoptimize our proprietary algos to the most current 3-year backtest results. In this blog, you will see the everything our Premium Plan subscribers have access to on a nightly basis.
The Premium Plan consists of:
Nightly screenshots on over 20 trading instruments (stock index futures, commodities, currencies, bonds, etc.), showing the most recent momentum buy/sell signals, change stop to trailing indicators, and/or exit trade suggestions. Please visit ElliottWavePlus.com to see the full list of items covered.
Sentiment positioning on all items that contain sentiment data.
A nightly summary report including algo signals, sentiment conditions, Sid’s Elliott wave roadmap, and Hurst Cycle analysis on twenty items.
A nightly email letting subscribers know that today’s signals are available to view and download.
You’ll also be able to download a sortable excel spreadsheet showing the most recent 3-year backtest results. This sortable chart shows everything!
Gold Mining Stocks – GDX Traded with Precision Timing
On March 28, 2021, Sid published the above chart of GDX for Elliott Wave Plus Basic Plan, Pro Plan, and Premium Plan subscribers:
Sid’s roadmap had GDX ready to bottom in early April, rally through late May, and then pull back sharply into a large Hurst cycle trough due in mid-August. His late-March 2021 main Elliott wave count predicted that the correction that had been underway in GDX since the early August 2020 high would eventually unfold as a WXYXZ triple zig-zag, likely ending in mid-August 2021, in harmony with the Hurst cycle analysis at the time.
The chart below is a current GDX weekly (through Sept 13, 2021):
This has been our challenge at Elliott Wave Plus, and we have alerted subscribers to several buying opportunities in undervalued sectors on the verge of ripping higher over the past year. We have posted YouTube videos of a couple of these timely alerts over the past year.
The first was our call to buy XLE (the large cap oil companies) in late October 2020. (See the post and video here). XLE more than doubled over the following 4.5 months. At the time that we made that call, famous talking heads on financial propaganda TV were vehemently recommending avoiding the sector. The second was our call to buy stocks in the shipping sector in early November 2020. (See the post and video on the shipping sector here.) Many, many stocks in that sector have more than doubled since then as well. In both examples, the sectors were at exceptionally low junctures after being beaten down for an extended period, and almost no one was talking about them.
In this post, we will show you another sector buying opportunity that we pointed out to subscribers in late March of this year. GDX (the Gold Miners ETF) has been up as much as 16+% so far since our mid-week (March 31) EWP ScreenShot (for Basic Plan and up subscribers) suggested an imminent turn to the upside. That suggestion that GDX would rally came after the precious metals sector endured seven long months of downside chop. Many of the companies in this recently neglected sector have been nicely profitable all through that multi-quarter correction, so bargain valuations have been easier to find here than in most other sectors.
The question is, does this rally have legs, or is it already done? There are many technical aspects we are actively looking at for clues, including a potential bullish 1-2-1-2 wave count from the early-March low, combined with the expectation of future peak and trough dates based on Hurst cycle analysis. We will keep our subscribers aware of our projected future roadmaps on GDX in addition to many tradable items with EWP ScreenShots of our analysis every Sunday and Wednesday (Basic Plan), as well a multi-hour weekly Sunday video (Pro Plan), excerpts of which were used to produce the YouTube video featured in this post.
Also shown in the attached video is a potential trade signal and associated multi-indicator setup produced by our proprietary momentum algo on GDX. Our Premium Plan provides screenshots and automated momentum trade signals on twenty popular items every night. Many of our subscribers use these nightly signals as confirmation of our proprietary analysis based on a combination of Elliott wave and its associated Fibonacci price targets, as well as Hurst cycle analysis.
Thrift Savings Plan TSP
Thrift Savings Plan | TSP Charts. Elliott Wave Plus is now providing weekly coverage on TSP funds (Thrift Savings Plan). Investing in TSP funds doesn’t have to be passive. Being aware of each fund’s current condition is critical when trying to decide where to invest. We have started charting the five core funds offered in the Thrift Savings Plan and are including two bonus charts each week to help the TSP participants have a broader picture of the overall market. Every week, Elliott Wave Plus will post these charts to the website under the current Trend Plan subscription. Subscribers will receive everything our Trend Plan has to offer, but will also receive the following:VOO – Vanguard S&P-500 VXF – Extended Market Index (small & midsize stocks)VEA – Markets around the globeBND – Total Bond Market VGSH – Short-Term Treasury
The Premium Plan consists of:
Nightly screenshots on over 20 trading instruments (stock index futures, commodities, currencies, bonds, etc.), showing the most recent momentum buy/sell signals, change stop to trailing indicators, and/or exit trade suggestions. Please visit ElliottWavePlus.com to see the full list of items covered.
Sentiment positioning on all items that contain sentiment data.
A nightly summary report including algo signals, sentiment conditions, Sid’s Elliott wave roadmap, and Hurst Cycle analysis on twenty items.
A nightly email letting subscribers know that today’s signals are available to view and download.
You’ll also be able to download a sortable excel spreadsheet showing the most recent 3-year backtest results. This sortable chart shows everything!
Elliott Wave Plus Premium Plan Algos
Another quarter has gone by, which means it’s time for Elliott Wave Plus to reoptimize our proprietary algos to the most current 3-year backtest results. In this blog, you will see the everything our Premium Plan subscribers have access to on a nightly basis.
The Premium Plan consists of:
Nightly screenshots on over 20 trading instruments (stock index futures, commodities, currencies, bonds, etc.), showing the most recent momentum buy/sell signals, change stop to trailing indicators, and/or exit trade suggestions. Please visit ElliottWavePlus.com to see the full list of items covered.
Sentiment positioning on all items that contain sentiment data.
A nightly summary report including algo signals, sentiment conditions, Sid’s Elliott wave roadmap, and Hurst Cycle analysis on twenty items.
A nightly email letting subscribers know that today’s signals are available to view and download.
You’ll also be able to download a sortable excel spreadsheet showing the most recent 3-year backtest results. This sortable chart shows everything!
Inside Look at our Automated Trade Signals
Time flies! We just crossed over into the second quarter of 2021, and that means we just completed our quarterly updates to our automated momentum algos. Moving forward, the nightly trade signals (produced on all twenty three covered items) will be based on updated backtesting and optimization, to the last three years of data. Premium Plan subscribers receive nightly algo screenshots on all 23 items, and a summary PDF showing the latest algo signals (buy & sell), trade management (stop, trailing stop & exits), commercials vs. retail sentiment positioning, Elliott Wave count, and Hurst Cycle analysis. Visit ElliottWavePlus.com to see the items covered in the Premium Plan, or see for yourself with our sortable Excel spreadsheet.Sortable Excel SpreadsheetBelow is a link to our downloadable spreadsheet, which includes the current 3-year backtest results on all items covered in the Premium Plan at Elliott Wave Plus. Within the table, you can sort by ROI, account size required, maximum closed-out drawdown, winning percentage, net profit, etc. Download and play with the spreadsheet using the link below.April 2021 sortable excel spreadsheet.Algo Signals – Our 3 year backtest resultsAs always, Elliott Wave Plus held a quarterly webinar explaining our propriety automated trading system, and how subscribers can best utilize our services. During the webinar, Sid goes into detail about the most successfully traded items over the past 3 years, as well as many aspects about how the algo was built and produces signals. Watch the video below, and please consider subscribing to our Youtube channel if you enjoy this free content.
All About Our Premium Plan Automated Trade Signals
We’ve made significant improvements to our Premium Plan algorithmic trade signals. Our 3-year back-testing and re-optimization, and algo enhancements has been completed for Dec 1 2017 thru Dec 31 2020, and the results may surprise you! Every quarter, Elliott Wave Plus performs extensive re-coding and backtesting on all aspects of our proprietary algos. We then produce those backtest results via a sort-able excel spreadsheet, which is free and downloadable for everyone. A link to download the spreadsheet is provided below. Also, Sid just held an hour long webinar entitled “All About Our Premium Plan Automated Trade Signals”. This in-depth recording covers everything you need to know about our flagship subscription offering, and how to best utilize the nightly information provided to subscribers. This is a great tutorial for both new & long-time subscribers! Check out the video and download the spreadsheet.
Quarterly Premium Plan Webinar – October 2020 | A Look at our Algo Signals
We have reoptimized our algo trade signals! Every quarter, we record a webinar that gives everyone an inside look at our Premium Plan Nightly Algo Report, which includes nightly conditions on dozens of tradable items. The link below will allow you to download our algo-stats sortable Excel spreadsheet so you can see the backtest and optimization results for yourself. All aspects of the Premium Plan are covered in the webinar recording, and Sid adds additional detail about current market conditions, important future trading dates, and much more. Check out the video and feel free to forward this to anyone who might be interested in receiving the Nightly Algo Report.
Quarterly Premium Plan Webinar – July 2020 | A Free Look at our New Algos
Every quarter, we here at ElliottWavePlus.com record a webinar that gives an in depth look at our Premium Plan Nightly Algo Report, which includes nightly conditions on dozens of tradable items. We’ve been particularly excited about the July webinar because the re-optimized 3-year backtest on our algorithms have improved results across the board, as long as slightly larger stops than normal are used to accommodate the generally elevated VIX levels of 2020. A link below will allow you to download our algo-stats sortable Excel spreadsheet so you can see the backtest and optimization results for yourself. All aspects of the Premium Plan are covered in the webinar recording, and Sid adds additional detail about current market conditions, important future trading dates, and much more. Check out the video and feel free to forward this to anyone who might be interested in receiving the Nightly Algo Report. Thank you and happy trading!
Exciting New Improvements to our Premium Plan Algos for Subscribers
We want to keep our most valued subscribers up to date on what is going on behind the scenes here at ElliottWavePlus.com. We are currently re-optimizing the Nightly Report’s algo trade signals to the most current 3-year backtest (6/30/17 thru 6/30/20). Initial backtesting and optimization indicates that the algos generally need to utilize larger stop-losses during recent high volatility. Our combined Elliott Wave and Hurst Cycle roadmaps suggest that higher volatility will continue to be the norm moving forward. We will be holding the Quarterly Premium Plan webinar within a few days to showcase the results of our backtests and re-optimizations. The results after utilizing larger stops thus far have been very positive and are likely to improve future automated trade signal results. We are working feverishly day and night to finish updating the algos, and should be ready for the quarterly Premium/Crypto Plan webinar very soon. Here are a couple of examples of before/after charts.
