ETF Focus: Energy
The stock market from Jan. 4 through early Feb. 24 was like an action movie. The market from late Feb. 24 through March 25 was like watching the end credits roll. Perhaps we’ll see another change soon, but regardless, I have grouped together a few similar ETFs to take a look at. In this installment, we will take a look at ETFs in the energy sector.
Commodities look to have slipped the grasp of the channel, aided mostly by crude oil.
Energy stocks closed at the highest levels ever seen on Friday.
The XOP is well below its lifetime high, but it has broken to a multi-year high above its wedge. Just for kicks, here’s a brief look at what crude oil has been up to.