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ITMS

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ITMS

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Wednesday, 03/28/2012 11:11:24 AM

Wednesday, March 28, 2012 11:11:24 AM

Post# of 784
The Falling Energy Sector Has Minor Effect On Indexes


The important energy sector has been declining lower since February 24, 2012. Traders can easily see how the Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) has rolled over since that time. The XLE is now trading below the important daily chart 50 moving average. This formation puts the XLE in a weak technical chart position. Traders can watch for some intra-day support around the $71.00, and $70.00 levels. ...Continue reading here: http://bit.ly/HfWRAO
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