Optimistic Look at the Energy Sector

By | January 29, 2015

There is a small bullish MacD divergence on the daily Energy Select Sector SPDR (XLE) chart and with what looks like a higher hammer low in today’s session, hints at a potential a triple bottom scenario. Way early to get too optimistic on the sector that would require trade back above the 50 day moving average.

30. xle chart

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