
If the XOP/XLE ratio means anything…
The Oil & Gas Exploration ETF (XOP) is leading the Energy ETF (XLE) to the downside Oil & Gas exploration is leading the broad Energy sector to the downside. While nominal XOP is still intact to its major daily chart trend, it has been hanging like a rotting fruit below its 200 day moving average for all of December in what looks like a bear … Continue reading If the XOP/XLE ratio means anything…