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…
[edit] And so a perfectly good topping situation is wrecked. Or is it? Today's chart would show the potential for a reverse Symmetrical Triangle topping/reversal pattern. But it would also…
The Energy sector ETF is attempting to take the SMA 50 and the neckline to a pattern today. If this is successful a healthy RSI and positively diverging MACD could…
That is what this reflation has, a lack of participation from the Energy patch. Daily XLE is trending down by both of its key moving averages. It is curling below…
This is a time when charts are working well for bullish outcomes but for bearish ones? Not so much. Exhibit A is one in the remote work/communications patch, which was…
It's just in-day but the Energy sector (XLE) is breaking down from its bear flag. The same condition exists on my short position, CVX, along with XOM and other sector…
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With reference to the vigorous bounce in the Energy sector (plus 7% today after yesterday's rise)... NFTRH had this to say in an impromptu Energy segment over the weekend in…
Ref. the bullish bounce pattern in crude oil we noted in NFTRH 536. The target for WTI crude is around 60 (oil is currently around 54). So assuming that the…
The tout is that we NFTRH+'d the energy sector months in advance of the bottom as a 'look-ahead' to a big buying opportunity. Here is the updated chart from that…
There is a bigger picture situation, the bottom of which we caught right on. That would be per this monthly chart at the green long-term support line to the channel…
Updating the short and long-term views of XLE and sending to the entire list as it is a sector of interest to so many economies and markets and thus, of macro concern.
XLE Daily broke above the key resistance level yesterday and assuming we have a weekly close above it tomorrow, that is now support. Indeed, it is tentative support now but I kept it red to play devil’s advocate. A reasonable measurement from the pattern is 64-65. That is for the traders among us.
This is as much an excuse to test the NFTRH+ 'opt-in' list as it is a reason to update the energy sector (XLE). At the next regular update I will…
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…
This is an old NFTRH+ chart of the monthly XLE. There have been some false alarms and bounces on daily charts, but we used the monthly as the moderator. It…