Energy Stocks Bounce

10/30/2008 9:18 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart

The crude oil market rallied Wednesday, with energy stocks and ETFs like XLE closing higher. The RS chart shows XLE outperforming the S&P until July, then underperforming after the uptrend was broken. Right now, XLE is testing its downtrend, but it is too early to suggest it will start to outperform.

Related Articles on ETFS

Keyword Image
The Omen
12/07/2017 10:50 am EST

The probability of an equity market correction over the next few months is slim to none, so there co...