Energy Select Sector SPDR (XLE) is ranked high on the Schwab ETF Select List.
Watch the relative momentum chart closely. RMI indicator green showing outperformance vs SPX.
Seems like the energy bulls are back. XLE found support at its 50DMA. Will the energy bulls continue outperforming?
For more information on how we evaluate stocks, check out Seven Steps to Better Stock Trading, Part 1 and the video in Part 2.