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Energy Sector: Will History Repeat

Energy Sector: Will History Repeat

Great stuff from Macro Charts:  Energy remains the most important sector to watch. Updating this critical chart: Energy consolidated several months, and is rallying sharply again – identical to past advances. If history repeats, the *BIG* rally may just be getting...
Valero Reaches New Highs

Valero Reaches New Highs

Shares of Valero Energy Corp. are trading at new ’21 highs today.  The stock is up just over 2% as it extends Tuesday’s trend line breakout.  The energy sector has been on fire of late and it now appears VLO is heading higher as well.  We expect more...
Energy Dominates

Energy Dominates

The energy sector is back on track today.  The top 20 gainers in the S&P 500 Index is dominated by energy.  The sector in general has been in pullback mode since peaking in early March.  At last week’s lows the XLE(SPDRs Select Sector Energy ETF) had dropped...
Crude Fading

Crude Fading

Heavy resistance(50/200D moving averages) has capped the last two weekly highs. USO held the 40W moving average at last week’s low, will it hold this week’s low? We are long USO in some managed accounts.