Getting The Jump On Energy ETF's 30% Spike ... What's Next?
by Mike Paulenoff
November 14, 2021 • 12:00 AM EST
Two months ago, on the afternoon of September 13, Mike Paulenoff brought to the attention of MPTrader members the intriguing and potentially opportunistic technical setup exhibited by the XOP -- the SPDR Oil and Gas Production and Exploration ETF.
Mike wrote: "I am not sure what the backstory is on this potentially very bullish technical setup will become (inflation, delivery problems, confrontation in the OPEC producing states, frigid winter in the US and Europe?), but one look at my attached Big Picture Chart suggests strongly that XOP has been under accumulation for nearly 2 years, 3 months, which has carved out a large inverse Head and Shoulders Bottom... XOP today is trading above ALL of my near and intermediate-term MAs, which are clustered together in a relatively tight area beneath the price structure, 'threatening' to propel XOP to the upside towards a confrontation with multi-year resistance at 98 to 100... if taken out, will trigger MUCH HIGHER PROJECTIONS for XOP."
The rest, as they say, is history! Within a week of Mike's "heads-up" to mptrader members, XOP was climbing sharply, a rally that spanned a 7-week period, and propelled the energy ETF to a 2-1/2 year high at 112.85 last Monday, a full 30% above the level XOP was trading (87.13) when Mike issued his "heads-up" technical alert.
What's next for XOP? Is the energy sector due for a pause? Will it participate and possibly drive a year-end rally in the benchmark indices? Join Mike and our MPTrader members for ongoing intraday discussions about energy and XOP, as well as many other stocks, macro indices, ETFs, cryptocurrencies, and commodities.
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on
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Thirty minutes after the opening bell on November 24, 2025, I posted the following heads-up to MPTrader members about the technical setup in META:META has the right technical look of a significant U-Turn to the upside after completing a 27% August-November correction from 796.25 (8/15/25) to 580.32 (11/21/25)... To gain more powerful upside traction, META needs to climb and sustain above nearest-term resistance at 614.70 to 616.50, which if (when) taken out, will open a higher price pathway to the 670 area to challenge the down-sloping 200 DMA... Last is 609.27...
Last Friday morning, to calm frazzled nerves amid a 1% pre-market plunge that was threatening to complete a 100% give back of the prior week's 3.
Late on Friday, fellow MPTrader member MarkinQueens exclaimed: Mike's XOM (Exxon Mobil) chart from August is working! Last $117.26!Back on August 25th, this is what we discussed about Crude Oil and XOM:Just in case anyone is wondering what the chart of nearby Crude Oil is looking like as we approach the "official" end of summer.
On August 12, 2025, this was my response to an inquiry from an MPTrader member about intense weakness impacting SMR (NuScale Power Corp):SMR (NuScale Power)-- Fellow member Irv66 asked for an update on this modular nuclear reactor manufacturer that blasted-off from 11.08 in early April to 53.50 at the end of July (+382%), but has since been in the grasp of a major correction from 53.50 to 38.33 (-28.6%). My pattern work argues that SMR is nearing key support from 37.50 down to 33.
ARKK (ARK Innovation Fund, ETF)-- Back on August 20, 2025, this is what we discussed about ARKK:Fellow member Pawel has requested an update on Cathie Wood's fund, which in June thrust up and out of a 3-1/2 year base-accumulation period and pattern above 68.40/50 that subsequently climbed to my initial target in the vicinity of 80 (see my attached Daily Chart). Since the 7/21/25 high at 79.
