Tag: XLE

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 Fund

  Energy stocks caught a bid Tuesday after West Texas Intermediate oil futures broke above $75 per barrel for the first time since November 2014. The Energy Select Sector SPDR Fund (XLE) rose 0.4 [percent to 75.12, up 4 percent YTD.  Now the question is whether the rally has more legs?  Below is an update […]

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 […]

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