We discussed the energy sector ETF, XLE, in chat the other day and I felt I would share the chart. It certainly seems that a head-and-shoulders top has formed which would lead us to even lower oil prices. Of course they can backfill the name up to the right shoulder so you can get in here and add if that occurs. Stop (alert) to cover above that right shoulder. Target those lows and below possible. Much will depend on strength/weakness in the US dollar.
Pardon our dust as this page is undergoing a facelift. Please report any difficulties you may experience during this phase. Contact us
You're welcome to add new charts and photos using the "Add" button found at the top/right.
- Be certain to give each a TITLE
- Select a category that best fits
- Select more than one category by holding down the "CTRL" key when selecting the second or third category.
- Add "tags" which best describe your chart so it can be located by search engines. (ex. Apple stock, AAPL, long trade)
- Since we don't charge for our trade ideas, please pay with a Tweet