Another Chance With XLE

Image Source: Unsplash

Given oil’s tremendous strength, the ETF dedicated to energy, XLE, has rebounded mightily. I have entered a new position with a tight stop (the price gap highlighted below).

Here’s a longer-term view showing the overhead supply of this instrument. As usual, click on any chart for a bigger, clearer view of the image.

---

More By This Author:

Giving XLU A Go
Two Ice-Cold Reports
Still In The Game