ETF CORNER

ERX : Triple Energy !

XLE : 200 !

I won't draw any line on this chart. It's just interesting to see how the 200 day mov avg is acting as a natural ceiling ! Maybe those who are interested in buying DUG should consider this chart observation !

XLE : DUG is getting close to a buy !

Here is a mirror chart of XLE vs DUG. As you can notice on the chart below, it seems that DUG will become a compelling buy candidate near $58. I would start looking to buy DUG . 

 

XLE : Being concerned never hurts !

In mid September I had made an essential post on XLE (Click Here) with the title "The biggest concern for the Bears".     I was concerned about XLE because I felt that the rally has been incomplete and that XLE could rally into the low to mid $60's. I have updated this last month's chart and show you in green the potential left for XLE. I really think that levels on USO at $45 and XLE around $63 would be the two missing pieces of this Bear puzzle !