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Wednesday, 22 November 2017

xlf stock chart - xlf stock chart

energy select sector index

"energy select sector index

what the  energy select sector index saying right now? What this all about..... See below. 


Sentiment Trader told   ==> our VIP MEMBERS here <==  that there are significant developments in the XLE or energy charts....

Global growth is booming, but oil stocks have lagged. but all that could be about to change

Energy stocks are about to play catch-up to the rest of the market!


We feel that there could be an apparent disconnect between strong global growth and lagging oil stocks. After all, domestic and international stock markets are near all-time highs, While energy has been lagging other sectors this year, the group with all the drama around it, might heat up, and could be about to play catch-up especially if we see the price of oil rise too, so we  are keeping an eye out of this action....

• OPEC is scheduled to meet next week in Vienna, we will keep a close eye on things, because we believe the group of oil producing nations is going to position for a further reduction in output; if this happens....this could in turn buoy oil prices. SO keep an eye on oil and the ENERGY SECTOR itself. .

VIP members here==>     were told the following things....

• Political tension in oil-rich nations like Saudi Arabia "could be very disruptive for the global oil market and create a supply shock, so sentiment trader thinks that is important. 

• Furthermore, he said, "you've got India and China growing at the fastest pace in years. So you've got an economic pickup globally, and it's just setting up for a situation where oil and oil producers are coming into, potentially, a sweet spot."

• To capitalize on this growth, the chart you see above is the XLE or large energy exchange-traded fund, the XLE. If this holds current levels we could get significant fund buyers into next year.

Remember Crude oil and the XLE settled higher on Tuesday.

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