This weekend, I’ve taken some favorite exchange-traded funds (ETFs) and broken them into groups. I’ll share a few thoughts about each of these below, and as always, clicking on any chart will make it fill your screen, whatever size that may be.
This is one sector where I’ve been whipped for the past few weeks. Commodities – -energy in particular – – simply keep bullying their way higher, almost without a downtick to be seen.
USO has been neatly following its ascending channel higher and recently did another clean breakout. With gas at over $7/gallon here in the Bay Area, it’s going to cross the $8 mark this summer.
Energy stocks represented within XLE had taken their Wheaties (and I’m referring to the pre-Caitlyn Jenner version of the cereal).
Finally, XOP has pushed above its wedge. One of these days I’m going to learn not to try shorting these beasts!
