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?
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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.
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Trading XLE with Precision using Elliott Wave & Hurst Cycle Analysis

During our August 25, 2019 Weekly “Counts” Webinar, I showed that Hurst cycle analysis was suggesting that a rally was imminent in XLE, the large-cap Oil stock ETF, and the rally was expected to continue through mid-September 2019. XLE bottomed on August 27 and rallied over 14% through September 16.

That rally was well underway when the two Saudi Oil installations were bombed by drones on Saturday, September 14.  So which method of predicting trend changes was more effective?  Technical analysis, or trading the news?  The answer is obvious.