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The financial stocks were under pressure Wednesday but the energy stocks have rallied as we head into the end of the month. The Energy Select Spyder (XLE) closed at trend line resistance but is still below the major 61.8% resistance level at $57.20. XLE has had a nice rally from the September lows and volume, which was low early in the rally, has improved. Chevron (CVX) is up almost 4% in the past week with major resistance at $83.50. For a technical look at other Dow stocks, click here.
Tom Aspray, professional trader and analyst, serves as video content editor for MoneyShow.com. The views expressed here are his own.
