ETF CORNER

XLE : Energy meets long term resistance

Position short SPY @ $146.96 , stop at $149

 

XLE : Possible outcome

XLE: The chosen one !

If I had to pick which ETF to buy today, I'd say it's XLE ! This sucker is way way way oversold... even Will E Coyote could be envious here ! I think this ETF could bounce the same way it did in the previous instances. From $62 up to the low $70's !

XLE/DUG : As predicted !

As predicted in the last post (Click here) XLE has broken down the support level !! I hope some of you have picked some DUG when I suggested it !!