Replies to post #98 on Energy Select Sector SPDR (XLE)

[OilStockReport]

Energy has been a key leader for the broad markets over the last eight weeks; can the trend continue in the face of oil dropping 8.4% over the last week? If crude fails to move higher will the energy stocks be able to continue higher? XLE, the SPDRs Select Energy ETF -- the move has been in part due to the climb in crude oil prices by more than 20%. However, the oil equipment and services stocks have done their part to contribute to the move gaining more than 30% since the August low. Earnings have been on the rise along with revenue over the last two quarters and the outlook is for the trend to continue. Will that be enough for the sector to continue higher? Only time will answer the question emphatically, but we can speculate if XLE holds support ($60.90) the odds are good for a continued move to the upside. Watch XLE, USO and IEZ for potential opportunities moving forward.

[OilStockReport]

Energy has been a key leader for the broad markets over the last eight weeks; can the trend continue in the face of oil dropping 8.4% over the last week? If crude fails to move higher will the energy stocks be able to continue higher? XLE, the SPDRs Select Energy ETF -- the move has been in part due to the climb in crude oil prices by more than 20%. However, the oil equipment and services stocks have done their part to contribute to the move gaining more than 30% since the August low. Earnings have been on the rise along with revenue over the last two quarters and the outlook is for the trend to continue. Will that be enough for the sector to continue higher? Only time will answer the question emphatically, but we can speculate if XLE holds support ($60.90) the odds are good for a continued move to the upside. Watch XLE, USO and IEZ for potential opportunities moving forward.