Industrial ETF Rides Incredible Breakout

A great potential trade opportunity just popped up and I wanted to get it to you as quickly as possible. The ticker is February 23rd, 2024 Industrial ETF Rides Incredible Breakout A great potential trade opportunity just popped up and I wanted to get it to you as quickly as possible. The ticker is XLI and while it might be tempting to jump in and just go buy shares, I am going to explain why it is a good set up and how options offer great potential upside for this ETF. The Industrial Select Sector SPDR Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Industrial Select Sector Index. Now, let’s look at the chart and I’ll explain why it could be a winning ticket. Buy the XLI ETF As the chart shows, on November 28th, the XLI 50-Day EMA, crossed above the 100-Day EMA. This crossover indicated the buying pressure for XLI exceeded the selling pressure. Now, as you can see, the 50-Day EMA is still above the 100-Day EMA meaning the ‘buy’ signal is still in play. As long as the 50-Day EMA remains above the 100-Day EMA, the ETF is more likely to keep trading at new highs and should be purchased. Profit if XLI is Up, Down or Flat Now, since XLI’s 50-Day EMA is trading above the 100-Day EMA and will likely rally from here, let’s use the Hughes Optioneering calculator to look at the potential returns for an XLI call option spread. The analysis reveals that if the XLI ETF is flat, up at all, or down 7.5% at expiration the spread will realize a 65.6% return (circled). Due to option pricing characteristics, this option spread has a ‘built in’ 65.6% profit potential when the trade was identified*. The prices and returns represented below were calculated based on the current ETF and option pricing for XLI on 2/22/2024 before commissions. Option spread trades can result in a higher percentage of winning trades compared to a directional option trade if you can profit when the underlying stock/ETF is up, down or flat. A higher percentage of winning trades can give you the discipline needed to become a successful trader. The Hughes Optioneering Team is here to help you identify profit opportunities just like this one. Trade High Priced Stocks for $350 With Less Risk One of the big advantages to trading option spreads is that spreads allow you to trade high price stocks like Amazon, Google, or Netflix for as little as $350. With an option spread you can control 100 shares of Netflix for $350. If you were to purchase 100 shares of Netflix at current prices it would cost about $59,000. With the stock purchase you are risking $59,000 but with a Netflix option spread that costs $350 your maximum risk is $350 so your dollar risk is lower with option spreads compared to stock purchases. 🚀Elevate your portfolio with [Chuck’s Lifetime Income Program]( for exclusive, actionable call option spread recommendations along with a treasure trove of trading insights! Wishing You the Best in Investing Success, Chuck Hughes Editor, Trade of the Day *Trading incurs risk and some people lose money trading.  --------------------------------------------------------------- See Related Articles [Industrial Truck-Maker Booming Higher]( [GD: PowerTrend ‘Buy’ Signal Identified]( [Apollo Soars to New Highs!](  --------------------------------------------------------------- [TradeWins Logo](  © 2024 Tradewins Publishing. All rights reserved. | [Privacy Policy]( | [Terms and Conditions]( | [Contact Us]( If you didn't create an account using this email address, please ignore this email or unsubscribe using the link below. To ensure delivery of this email to your inbox and to enable images to load in future mailings, please add [todaystrade@chuckstod.com]( to your e-mail address book or safe senders list. DISCLAIMER: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by Legacy Publishing LLC. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading. The information provided by the Legacy Publishing LLC (“Legacy”) Trading Services, newsletters and educational publications (“Services”) is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Legacy a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Please note that results may not be typical and can vary from person to person. There are inherent risks involved with investing in the stock and options market, including the loss of your investment. Any investment is at your own risk. You should only trade or invest your "risk capital" – money you can afford to lose. This email was sent to {EMAIL} by todaystrade@chuckstod.com TradeWins Publishing Corp.528 North Country Rd.St. James, NY 11780 [1-Click Unsubscribe]( | [Edit Profile]( | [Manage Subscriptions]( | [Report Spam](