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XLE & Energy Sector Analysis

Here's a look at XLE (SPDRs Select Sector Energy ETF) along with a handful of the top components. XLE is aproaching the 71.20ish resistance level with substantial negative divergences building between price & the momentum indicators below. It appears that the upside in XLE is limited at this point before a correction sets in unless the energy stocks can manage to burn through these divergences in the coming weeks & months. We don't have any sell signals at this time & with the momentum still to the upside, it is still too early to short the sector although it would be [...]

2017-12-21T10:30:05+00:00 Dec 21, 2017 10:28am|Categories: Equity Market Analysis|Tags: , , , , , |3 Comments

Crude Oil & Energy Sector Outlook (video)

This video provides a comprehensive overview of crude oil, the energy sector (via XLE) and over a dozen of the top components of XLE. Numerous trade ideas, including objective entry points & price targets on USO, XLE and some of the most attractive trade setups on individual energy stocks are covered. The video begins with the outlook for crude oil & USO (crude ETF), followed by coverage of XLE & over a dozen of its top components.

2017-08-22T21:28:07+00:00 Jun 1, 2016 2:46pm|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , , , , , , , , , , , , , , , , , , , , |8 Comments

US Stock Market Sector Analysis (video)

This video lays out the case for a broad-based correction in the US stock market reviewing the charts of the following sector ETFs in this order: XOP (futher expanded on with a discussion of the follow top components: XOM, CVX, COP, OXY, PSX) followed by GDX, XBI, XLY, XLF, XLP, XLU, XLI, XTL, XLK, XLB, XLV & XLE.

2017-03-08T21:19:50+00:00 May 2, 2016 1:06pm|Categories: Equity Market Analysis, Unofficial Short Ideas|Tags: , , , , , , , , , , , , , , , , , |1 Comment