The energy sector may be in the process of setting up a massive bottom (click on the chart to enlarge it)..
Because of the huge trading volume under XLE (energy ETF) in the past few months. This is going to be, in my humble opinion, a fundamental long-term move. So, there is no rush to move in. I am waiting for XLE to rise above its 200-dma and then I will decide.
George Dagnino, PhD
The Peter Dag portfolio
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