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Trading Strategy – Energy Select Sector SPDR

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Energy sector was under selling pressure Thursday after Exxon Mobil (XOM) posted a 12.3% year-over-year revenue decline.  In response, the Energy Select Sector SPDR (XLE) closed near the flat line, up just 0.08% to 77.31.  Below is an updated look at a trade in XLE.  The ETF was underperformed the market in recent weeks and ...[read more]

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