I'm not a proponent of buying at resistance. Chase it here if you like but risk > reward until $57 is cleared. When/if it is, I'm 100% on board. But not there yet.$XLE pic.twitter.com/pS2QSzeAjX — Drew Wells, CMT, CIMA® (@DrewTheCharts) October 4, 2021 Today’s Chart of the Day was shared by Drew Wells (@DrewTheCharts). It’s […]
Chart of the Day – Wednesday, July 7th, 2021
$XLE broke below its 50MA and $XLE : $SPY broke below its November uptrend pic.twitter.com/rU6UWF3AuZ — Bailey.Baxter2020 (@BBaxter2020) July 7, 2021 Today’s Chart of the Day was shared by Bailey Baxter (@BBaxter2020). It’s a chart of the Energy sector over the past year, on both an absolute (top) and relative (bottom) basis. The Energy sector has been […]
Chart of the Day – Thursday, June 3rd, 2021
Are investors really ready for this…? IMO, an overwhelming amount are NOT. And that's just another tailwind in the form of "incremental buyers" and pent-up demand which could keep these areas well-bid for much longer than most are prepared for… $XLF $XLE pic.twitter.com/yY0xTprVVw — Steven Strazza (@sstrazza) June 3, 2021 Today’s Chart of the Day […]
Chart of the Day – Wednesday, June 2nd, 2021
Today’s Chart of the Day was shared in a note by Frank Cappelleri of Instinet (@FrankCappelleri). It’s a weekly chart of the Oil & Gas Exploration & Production ETF, $XOP, over the past decade. The top stocks in this ETF include Range Resources ($RRC), Antero Resources ($AR), Southwestern Energy, Devon Energy ($DVN), and Hess Corp ($HES). Crude oil […]
Chart of the Day – Tuesday, March 16th, 2021
Supply for #energy stocks coming in at a ~5yr polarity area. Above $55 is 🐮, remaining below is 🐻 $XLE $SPY #oil #stocks #CrudeOil pic.twitter.com/mVHpkZbuND — Drew Wells, CMT, CIMA® (@DrewTheCharts) March 16, 2021 Today’s Chart of the Day was shared on Twitter by Drew Wells (@DrewTheCharts). It’s a weekly candlestick chart of the Energy sector […]