xle, energy sector ETF

Energy sector ETF (XLE) Diamond consolidation unresolved

The Energy sector ETF is still in consolidation And I am still short the “last inflated man standing”. That could be for as long as it takes XLE to bust to the upside <sad face> or, if it does as it ‘should’, drop out of the Diamond to at least support at 83, if not lower <glad face>. For “best of breed” top down analysis … Continue reading Energy sector ETF (XLE) Diamond consolidation unresolved

market sectors including the energy sector

Energy sector is vulnerable

The Energy sector is vulnerable from technical and macro fundamental perspectives Technically, the Energy sector (XLE) is overbought by its distance from the daily SMA 50. RSI and MACD are starting to look like a potential roll over. But most importantly, the Energy sector is intact and trending up! It’s a bull market, after all. However, with momentum weakening and the ongoing NFTRH view that … Continue reading Energy sector is vulnerable

alice

NFTRH; US Stocks, Energy & Gold Sector

With the way I have felt post-flu, simpler is probably better since I have been incapable of complex thought processes.  So going with that theme, it does not get much simpler than this view of SPX breaking the short-term downtrend channel per the chart we used in a previous update to show the then-intact channel.  I covered my SPY short this morning, taking a loss. … Continue reading NFTRH; US Stocks, Energy & Gold Sector

nftrh plus

NFTRH+; Energy Sector Future Buy Level (Reminder)

Here is XLE today, very bearish and at key support. Energy sector bulls are watching closely on the short-term.  I am not.  That is because we still have the unresolved monthly chart target from a couple updates last year.  Generally, that is per the secular bull market channel and lateral support converging at roughly 53 to 56. Of course, at 58.56 currently, ‘risk vs. reward’ … Continue reading NFTRH+; Energy Sector Future Buy Level (Reminder)

alice, nftrh

NFTRH Update; GDX, XLE and SPX Status (daily charts updated)

On Tuesday we reviewed the constructive looks of gold stocks (GDX), energy (XLE) and the US stock market (SPX) by daily charts. In NFTRH 363 we noted that GDX had broken a trend line and was a good bounce candidate, but ‘bounce’ is all we can call it technically.  An update after Monday’s continued upside noted support levels of 14.71 (Sept. high), 14.36 (EMA 50, … Continue reading NFTRH Update; GDX, XLE and SPX Status (daily charts updated)

NFTRH+; Energy Sector, Big Picture Setup

For all you Energy sector sports fans out there, here is XOM near a big picture channel bottom by monthly chart. Unfortunately, Exxon Mobile has already Ex-div’d in August, but those bullish on energy (and I know you are out there) can consider ETF’s like XLE, which div’s quarterly.  Also, there is the constellation of Canadian dividend paying energy companies like ERF, etc., which pay … Continue reading NFTRH+; Energy Sector, Big Picture Setup