Trade Ideas Newsletter 02/12/2018

XL is showing significant strength right now

Based on the analysis above in XL, traders should determine that their portfolio can handle the additional risk from a new position. Also be sure that XL is not significantly correlated with your existing positions. Lastly, experienced traders never ignore how a new addition relates both to the overall market conditions as well as their existing account. For example, check the S&P 500. Is it trending or stationary recently? Has it moved up or down though key levels? Be sure to matvh up your trading actions on XL with the overall market so you are fighting the crowd.

Currently the important sentiment levels, evaluated by Traders For Wealth, have shown an increasingly positive bias toward XL. Also, the price action in XL has been moving up a lot. This is a strong sign for a potential upside breakout. Traders should view this as a bullish trade and make sure it aligns with the overall market mood, and their current positions.

XL Company Switzerland Gmbh (XL)

XL Group Ltd, through its subsidiaries, is an insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises. The Company operates through two segments: Insurance and Reinsurance. As of December 31, 2016, the Company served clients in more than 200 countries across the world, through its global network of locally licensed and Lloyd’s of London Syndicates (Lloyd’s) operations, and network partners managed from its three network partner management hubs in Austria, Hong Kong and Mexico. Its Asia Pacific region operates with a mix of locally licensed and Lloyd’s operations. The Company has underwriting operations in Hong Kong; Labuan, Malaysia; Melbourne, Australia; Shanghai, China; Singapore; and Sydney, Australia. Its Americas region operates across Bermuda, Canada, Latin America and the United States.