The Select Sector SPDR Energy (XLE), which tracks the Large cap energy stocks, has bottomed, and today is breaking out over the July and August highs. On a trendfollowing basis, the ETF is is approaching a 39 week relative strength crossover from below to above, versus The SPDR S&P 500 Index ETF (SPY). Stock charts below:
Energy SPDR medium term breakout, daily:
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| Energy SPDR ETF (XLE) |
Energy SPDR (XLE) relative strength versus the SPDR ETF (SPY), 39 week average:
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| Energy SPDR (XLE) relative strength |
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