VDE
- Thread starter Buy1Sell2
- Start date
Good luck with trade but it looks like a rather thinly traded ETF at only about 250k shares a day. Can be hard to get a strong move up or down with that level of volume. Plus harder to exit a trade if not enough people to off load your shares on. Lastly, chart looks like it wants to test the 200 MA at around $97.37 before bouncing. I hope your trade works out for you but may want to consider XLE next time. I have no skin in this game so just offering my $0.02.
Not a great trade yet---Price currently 99.71.
Thank you.
No problem. Check the XLE chart its nearly identical to VDE and millions of shares traded a day. Will be easier to liquidate your position should your trade not work out.
In general I stick with the SPDR ETFs rather than Vanguard for this reason alone. They all start with X (XLE, XLI, XLF, etc)
So far having to be patient here. Price is currently 98.72. We do look ready to gain strength the rest of today and perhaps tomorrow. Staying with it for now.
I'd say hold onto it through May. Based on recent past experience, that's when oil tends to be the highest. Although I am a bit concerned about shale production and how fast US shale is coming back on line. I also agree that XLE seems like a better product. More liquid, more options.
I've seen some technical signs to hold on to this for now.