XLE/energy is back near highs after a strong run: trended above the 8-day, broke its ascending channel, went sideways, rebuilt and ignited. It may need a day off today, and he would not buy XLE right here now — the move was mostly missed — though it could still extend higher, so be careful with today's entry.
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energy XLE, look at that. Energy is back towards highs. What's the USO doing this morning? USO is down 235. What's the XLE doing? Probably down a little bit. It's up 29 cents. 6630.
Yeah, look at this. So, energy definitely became a good much better sector. You know, it started its active sequence last year. Eric, remember gave you that big nice trend above the 8day.
Then it broke the ascending channel here. Went sideways for a for a while and then kind of rebuilt and ignited again right here. So, it's back to highs. It's up a few days. I bet you today needs a day off, but energy has been a great sector for those of you who trade XLE, trade Chevron, trade XOM, trade some of the other names.
But, uh, yeah, I I would not just be buying XLE right here now. You kind of missed it. You had a great sequence. you had a rebuild right here of a sideways channel and it could extend higher, but you know, just be careful with your entry today.
But, um, yeah, it's been it's been it's been much better.