Buying the Over-Sold Oil Dip

You probably don't have exposure to this ETF in your portfolio. [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. [Claim a Free Year]( 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.]( [NEW RESEARCH: AI Trading Tool "S.A.M." Could Have Found Profitable Trades With as Much as an 82% Win Rate (Over 5 Years)!]( [Nate with dog at Computer]( 5-year backtest shows that a revolutionary new AI-powered scanner developed by legendary trader Nate Bear could have found as many as 7,286 profitable plays (an average of 5 per day). See why traders who have early access can't stop raving about how powerful this new tool is. See the LIVE demo here... [>> Click to See the Demo <<]( [Monument Traders Alliance] Monument Traders Alliance You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, [click here](. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 [Website]( | [Privacy Policy]( Keep the emails you value from falling into your spam folder. [Whitelist Trade of the Day](. © 2024 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Monument Traders Alliance, LLC, 14 West Mount Vernon Place, Baltimore, MD 21201.