VDE

only $1.09 left before we hit 95.50 and I re-evaluate.

 

Looks like it's picked up steam to the downside. You will likely Need to cover in my humble opinion but I still don't like trading VDE over XLE. I am actually looking to find a spot to potentially short XLE at this stage. Anyway, good luck.

I have no skin in the game at this point but will be looking to see what price does when and if XLE recovers to the $72 area.

 

Ok we have crossed 95.50 and have come back above it to 95.70. I will re-evaluate at end of day.

 

Seen enough---out at 95.14 for loss of 6.50

 

Long 94.67 I'll reconsider being long if we cross 92.60

 

Oil has made short term bottom. I'll stay in this for a bit . VDE closed at 95.14 today.

 

VDE closed at 97.21 today . I'll continue to hold for now.

 

Staying with it. Pricing is 97.12

 

Decent weekly close but certainly not total reversal. I'll monitor closely next week. I am staying with it right now due to recent correlation between this and SP.

 

Well, I will take the other side of this trade. SHORT XLE at $69.84. As mentioned before XLE and VDE are virtually the same except for much higher traded volume in XLE.