AMEX:XLE   SPDR SELECT SECTOR FUND - ENERGY SELECT SECTOR
The energy sector has finally reversed in my opinion and now is a great time to go long energy stocks.

XLE             has formed a dirty Bullish Head & Shoulders Bottom.

There are three catalysts that could power energy stocks higher:

  • ECB QE is starting to work

    U.S. economy may just improve in the second half of 2015 like the Federal Reserve has been predicting

    Number of rigs taken offline in the U.S. is starting to improve the supply/demand ratio

When playing the reversal of an entire sector, it’s often better to play an ETF . The reason is that there’s safety in size. Old leaders can fall by the wayside as a new, leaner sector emerges from the ashes. Until new sector leaders emerge, an ETF is a safer way to play a reversal in energy stocks in my opinion.

Source: https://www.guerillastocktrading.com/stocks/energy-stocks-reverse/
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