Tag: Energy Select Sector SPDR ETF

Market Internal Deteriorated But Support Remains Intact

market internals deteriorated as S&P moved down to test support at the 2900 zone. Nevertheless, this zone is too big and too important to fall quickly so it should not be surprising to see some backings and fillings in the coming days. Perhaps the positive Money Flow measure is the best illustration for the bull’s case

Trading Strategy – Energy Select Sector SPDR ETF

  Energy is one of the worst laggards on Thursday as losses in WTI crude oil futures pressure the group. October Crude Oil futures fell 1.37 percent to 67.81/barrel after U.S. data showed gasoline inventories rose unexpectedly last week, overshadowing a bullish drawdown in crude.  The Energy Select Sector SPDR ETF (XLE) fell 1.85 percent […]

Trading Strategy – Energy Select Sector SPDR ETF

  One of the noteworthy developments in recent days has been the move in energy stocks.  Crude-oil futures tumbled 4% following the reports that the Organization of the Petroleum Exporting Countries and other major producers may lift production by as many as 1 million barrels a day.  The Energy Select Sector SPDR ETF (XLE) fell […]

Trading Strategy – Energy Select Sector SPDR ETF

  One of the noteworthy developments in recent days has been the move in energy and energy related stocks.  WTI crude futures ended Thursday’s session up 50 cents at $68.43 per barrel, boosted by OPEC production cuts and the potential for new U.S. sanctions against Iran.  The Energy Select Sector SPDR ETF (XLE) reversed early […]

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