Trading Ideas That Paid – NOG
Weakness in the dollar helped crude oil stem its three-session sell-off. August crude oil rallied for 2.5% in Tuesday trading session, its largest single day move in over a month, to close at $92.89...
View ArticleTrading Ideas That Paid – NOG
Better-than-expected economic data, as well as the anticipated progress being made in the U.S. debt negotiations drove oil prices higher. August crude oil settled higher by 1.6% to $97.50 per barrel....
View ArticleTrading Strategy – Energy ETF
Stocks got off to a strong start Thursday after Spain unveiled its economic reform plans and optimism that China’s government would provide additional stimulus. Most key S&P sectors were higher,...
View ArticleTrading Strategy – Energy ETF
Stocks closed higher for the second session Tuesday, with the S&P traded as high as 1448, as investors were encouraged that a deal would soon be made in Washington to avoid the “fiscal cliff.” Most...
View ArticleTrading Strategy – Energy SPDR ETF
Stocks finished mixed in lackluster trading Wednesday as ongoing concerns over the U.S. debt ceiling offset the strong batch of bank earnings reports. Energy stocks attracted strong buying support amid...
View ArticleTrading Strategy – Energy SPDR ETF
The Energy Select Sector SPDR (XLE) broke out to new 52-week high Tuesday, up 1.62% to 78, following strong earnings from refiner Valero (VLO). This is bullish from a technical perspective. In fact,...
View ArticleTrading Strategy – Energy SPDR ETF
Worries over North Korea together with San Francisco Federal Reserve Bank President John Williams comment that central bank could begin to taper purchases this summer if the economy continues to...
View ArticleTrading Strategy – Energy Select Sector SPDR
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...
View ArticleTrading Strategy – Energy Select Sector SPDR
Stocks finished near session highs Thursday, propelling the S&P 500 to a fresh intraday high as investors welcomed further easing from the European Central Bank. Most key S&P sectors finished...
View ArticleTrading Strategy – Energy SPDR
Crude oil futures settled up $1.29, or 2.93 percent, at $45.33 a barrel Wednesday – a new 2016 high. As such, the Energy Select Sector SPDR Fund (XLE) jumped 1.9% to 68.63 – also a new 2016 high....
View ArticleTrading Strategy – Energy SPDR
Energy stocks gave back early gains after ‘knee-jerk’ reaction to US airstrike. As such, the Energy Select Sector SPDR Fund (XLE) fell 0.38% to 70.36. And there could be more pains in store for the...
View ArticleTrading Strategy – Energy Select ETF
Since peaking in mid-December 2016, Energy Select Sector SPDR ETF (XLE) has been in a medium-term downtrend reflecting internal weakness. There could be more pains ahead of for the section, according...
View ArticleTrading Strategy – Energy Select Sector SPDR ETF
One of the worst performers so far this year is the Energy Select Sector SPDR ETF (XLE), fallen about 10 percent as crude oil has declined more than 8 percent. According to our “U.S. Market Trading...
View ArticleTrading Strategy – Energy Select Sector SPDR ETF
The Energy Select Sector SPDR ETF (XLE) made its 52-week high in late 2016 at 78.45. That level marked the end of the 2016 rally, which retraced about 50% of the 2014 downswing. XLE has been negative...
View ArticleTrading Strategy – Energy Select Sector SPDR ETF
Energy stocks were under selling pressure Thursday despite higher oil prices. Crude oil settled 0.9 percent higher at $45.52 a barrel after U.S. Energy Information Administration reported U.S....
View ArticleTrading Strategy – Energy Select Sector SPDR ETF
Crude prices erased earlier gains, fell 2.5 percent to settle below $46 a barrel, after Reuters reported that OPEC supply for July would increase 145,000 barrels per day from June. As such, the...
View ArticleTrading Strategy – Energy Select Sector SPDR Fund
Crude oil futures surged 3.1 percent to settle at $52.22, the highest closing level since April as traders bet on improving demand and extension of output cuts. The International Energy Agency and...
View ArticleTrading Strategy – Energy Select Sector SPDR ETF
One of the more noteworthy developments in recent days has been the move in energy stocks. The sector may be bottoming as a number of bullish technical development signals potential reversal for the...
View ArticleTrading Strategy – Energy Select Sector SPDR ETF
One of the more noteworthy developments in recent days has been the move in energy stocks. The Energy Select Sector SPDR ETF (XLE) has handily outperformed the broader market, rose 0.52 percent on...
View ArticleTrading Strategy – Energy Select Sector SPDR Fund
Oil prices remained near two-year highs as the shutdown of the Keystone pipeline and a drawdown in fuel inventories pointed to a tightening market, despite rising output. Energy stocks caught a bid...
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