SPDR S&P Oil & Gas Exploration & Production ETF (XOP) Stock Forum and Discussion

US Stock MarketDetailed Quotes

XOP SPDR S&P Oil & Gas Exploration & Production ETF

Watchlist

152.760
+2.530+1.68%

Trading May 6 14:41 ET

153.640High151.490Low

Moomoo Research

Mar 22 15:54

ColumnsCommodity ETFs: Exploring New Mines for Wealth

Those who keep an eye on financial hot topics may have noticed that recently, precious metals and commodities have been developing quite strongly. Correspondingly, related ETFs have also been rising rapidly.
Why are commodities worth paying attention to?
As an alternative investment, commodities can play a unique role in diversified portfolios.
First, commodity prices are typically uncorrelated with traditional asset classes such as stocks and bonds...

+12

SpyderCall

Mar 17 05:28

Should We Be Worried About Inflation?

All Eyes on the Upcoming Fed Meeting
With interest rates and inflation being the main concern for investors these days, all eyes will be on the Federal Reserve's interest rate decision coming this Wednesday.
Many analysts are calling for a resurgence in inflation. While the Federal Reserve has been standing by their word, saying that inflation is under control and we are on the path towards rate cuts this year.
If the Fed believes that inflation is no longer...

Powell hints at rate cuts this year: What do you think?

BelleWeather : I think proper portfolio positioning vis a vis inflation is important. The concern I have is stagflation, so I’m trying to be defensive to that. This is difficult. And timing the market is impossible and crazy-making, so I personally am taking each day as it comes.
I don’t think anyone is going to sell off over these concerns, and Powell is not about to fan those flames either!

Report
Reply

Cancel Reply
SpyderCallOP BelleWeather: They might not sell over these concerns. But when these variables are present, then any negative catalyst will likely catalyze a selloff. For example, if we get bad rhetoric from Powell next week, then we might see extra volatility. That being said, in the current environment, any selloff will be a good buying opportunity until something breaks in the economy.

Report
Reply

Cancel Reply
SpyderCallOP BelleWeather: So far, wages and employment numbers have held up, so stagflation is not a concern until inflation picks back up. With the way oil and gasoline prices have been climbing, we could possibly see a stagflationary environment soon, but not yet. Things are almost perfect in the economic data currently. We are in a goldilocks zone for the Fed right now. And if things get worse, then the Fed has already mentioned cutting rates. That would be even more accomodative for equities as the "Fed Put" will be in play at that point. So, if we do see stagflation, it shouldn't last long as the Fed will accommodate markets when the inflation, wages, or employment situation changes negatively.

Report
Reply

Cancel Reply
BelleWeather : Agreed on the Goldilocks zone vis a vis the Fed mandate save one issue - the reserve bank balance is almost out - won’t they have to move to correct that?

Report
Reply

Cancel Reply
SpyderCallOP BelleWeather: They have been greatly decreasing the balance sheet since march 2022. This is done through selling treasury bonds or mortgage securities. Short-term treasuries, like bills, have been the biggest culprits for the runoff of the balance sheet. This has been unwinding the massive amount of asset purchases since the 2008 financial crisis.
They purchased all of these assets back then as a form of quantative easing to boost the economy. Right now, they are selling treasury notes at sky-high yields to provide liquidity to banks essentially. This is putting more liabilities onto the balance sheet, which brings the balance down.
I don't think the balance sheet runoff is such a big deal at the moment.
Once the economy is showing signs of trouble, then I think we will need to worry about the Fed balance sheet. If they start buying assets, essentially quantative easing, then they might think that there is weakness in the economy.
You might think that with the Fed balance falling like it is, then long-term treasuries should be falling along with the balance. But that has not been the case since last November as these treasuries have been climbing.
This tells me that the balance sheet is now falling because the Fed is adding liquidity through short-term bond sales, which inject liquidity into the economy, which is good for an economy and equities.

Report
Reply

Cancel Reply

View more comments...

SpyderCall

Mar 10 22:30

I hope some of you caught this breakout.

$Energy Select Sector SPDR Fund(XLE.US)$
$SPDR S&P Oil & Gas Exploration & Production ETF(XOP.US)$ $Chevron(CVX.US)$ $Exxon Mobil(XOM.US)$ $Valero Energy(VLO.US)$ $Occidental Petroleum(OXY.US)$

SpyderCall: The Energy Sector is Near a Major Technical Level

iamiam

Mar 10 22:18

THE UPDATE Mar 10

A review of Friday done on a Saturday and posted Sunday 🙄 I apologize. this started out to be a quick overview but turned into much, much more 😅. This is written over multiple sessions, so the style changes. Hang in there it may be worth the read 🤷 this turned out longer than I had planned, but my best ones often do 😉
Alright... I know, a complete bother. this iam guy 🔴 filling up Moomoo with his memes and junk 😆 so, what's more junk 🤷 I'll give this a go and see if moo all lik...

AI concept stocks hit new highs: When will the party end?

SpyderCall

Feb 12 03:37

The Energy Sector is Near a Major Technical Level

$Energy Select Sector SPDR Fund(XLE.US)$
Long-Term Picture
The technical picture for the energy sector shows that the price action for this area of the market is near an important inflection point.
Notice how the price has been consolidating over the past two weeks. This is an example of the markets indecisiveness over the direction of oil prices. The price sits just beneath the resistance of a long-term downward price channel. Will we see a break...

SpyderCall

Jan 4 04:06

Worsening Geopolitical Tensions in the Middle East

$Crude Oil Futures(JUN4)(CLmain.US)$
Tensions in the Red Sea
The tensions in the Red Sea seem to be escalating. We are seeing constant news stories about freighters being attacked by huthi militia groups and explosions at Red Sea ports. The Iranian military is even stepping up their military presence in the Red Sea. Iranians are sympathetic to the huthi forces, so this will only exacerbate the problem.
How long will the conflict last?
I have seen...

Navigating market waves: Red Sea tensions, shipping and energy

SpyderCall

Nov 17, 2023 05:34

Major Selloff After Dipping Below Our Inflection Point

$United States Oil Fund LP(USO.US)$
Some major selling rook place after we saw the price dip below our major technical level I spoke of yesterday.
Shorts are raking it in with oils prices dropping so much. Crude has dropped well over 15% since I called out the bearishness in oil markets over a month ago. Stay tuned for more opportunities like this one.
Bad economic conditions worldwide have been killing oil demand. All of the bad economic ne...

SpyderCall: Crude is Near Another Inflection Point. Was That the Rebound?

Oil falls more than 3% on softening demand: Is that an opportunity or not?

SpyderCall

Nov 12, 2023 16:46

Crude's Charts are Still Looking Bearish

$Crude Oil Futures(JUN4)(CLmain.US)$
Multiple Bearish Timeframes
On just about every timeframe or any chart you look at, the picture for oil just looks bearish. Crude's price action has continued to fall below major support zones despite an ongoing Middle Eastern conflict.
Missed Short Opportunity
My previous comments mentioned price support near the 200 moving average. Once the price dipped below this major moving average, some major selling followed. It...

SpyderCall: Will Crude Bounce Off of the 200 EMA?

Oil falls more than 3% on softening demand: Is that an opportunity or not?

SpyderCall

Oct 31, 2023 09:24

Crude Futures Open Below a Major Fibonacci Level

$Crude Oil Futures(JUN4)(CLmain.US)$
Crude's price movements have been showing signs of bearishness the past several weeks. Check out the link below for more info on my bearish thesis.
Why Would Anybody Be Bearish on Oil Right Now
With all of the geopolitical conflicts taking place around the world it can be difficult to be bearish on oil. Personaly, I was bullish on crude even after the Major selloff that started off the month of October. But as m...

SpyderCall

Oct 13, 2023 07:14

CPI Outlook

If all other factors in September's CPI rading remain constant, then based on the current trend in energy prices so far this month, MoM CPI should have a better reading in October.
Unless, of course, if oil prices quickly spike back up to 52-week highs. Then, we might see more inflation pressure in the data.
$Invesco QQQ Trust(QQQ.US)$ $SPDR Dow Jones Industrial Average Trust(DIA.US)$ $SPDR S&P 500 ETF(SPY.US)$ $Energy Select Sector SPDR Fund(XLE.US)$ $Crude Oil Futures(JUN4)(CLmain.US)$ $SPDR S&P Oil & Gas Exploration & Production ETF(XOP.US)$

Sept. CPI released and Wall Street is not happy

No comment yet