Oil Services HOLDRs (OIH) have outperformed the Energy Select SPDR (XLE) since the October 3 market bottom.
The XLE Energy Select Sector SPDR, an ETF that tracks the energy sector, gained 10.9% since January 14.
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The Energy Select Sector SPDR ( XLE) is still in a short-term downtrend, but the longer-term analysis remains positive.
Even though the analysis of crude oil does look pretty strong, XLE may be ready for an overdue pullback.
Good news for the XLE, OIH and USO but bad when you pay at the pump through the nose.
The oil service ETF (OIH) and Energy ETF (XLE) look like they are going to tack on gains.
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The uptrend in XLE has been very impressive, as it has formed higher weekly lows since the middle of December.
Despite the plunge in crude oil prices, XLE closed near the highs.
The transaction is a profitable one if shares in the XLE top recent highs to trade at levels not seen since mid-2008.
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The daily chart of the Select Sector SPDR Energy ( XLE) shows that it closed strong on Thursday, up 0.86%.
Money continues to rotate into Oil Service ETF (NYSE:OIH) and Energy (NYSE:XLE).
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The most obvious and most liquid way to play the energy equity rally is through the Energy Select Sector SPDR (NYSEArca: XLE).
The Select Sector SPDR Energy ( XLE) is a less diversified ETF, as Exxon Mobil ( XOM) makes up over 19% of the ETF.
The chart shows that both XOP and XLE are well down from the highs on September 14, when they were up 31.3% and 23.5% respectively.
Energy (XLE), Oil (OIH) and Agribusiness (MOO) are also relatively weak.
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As currently constructed, it tilts away from the major integrated oil firms that dominate XLE and biases toward small- and midcap refining and drilling firms.
Among the largest underlying components of ERX, in trading today , and The Materials Select Sector SPDR Fund ( AMEX: XLE) is up by about 0.1%.
The daily chart of the Select Sector SPDR Energy ( XLE) shows that the short-term resistance, line a, was overcome the second trading day of 2013.
Materials (XLB) and utilities (XLU) companies yield an average of 2.3 percent and 4.1 percent, respectively, while energy (XLE) stocks pay an average yield of 2.2 percent.
Among the largest underlying components of XLE, in trading today Devon Energy ( DVN) is down about 0.7%, and EOG Resources ( EOG) is lower by about 0.1%.
The Energy Select Sector Spyder ( XLE) was down 1.9% for the day and several of its components are likely to drop even lower over the near term.
Among the largest underlying components of XLE, in trading today Exxon Mobil Corporation ( XOM) is up about 0.5%, and Schlumberger Ltd ( SLB) is up by about 0.5%.
Among the largest underlying components of XLE, in trading today Exxon Mobil Corporation ( XOM) is up about 0.7%, and Occidental Petroleum ( OXY) is higher by about 2.1%.
Among the largest underlying components of XLE, in trading today Exxon Mobil Corporation ( XOM) is up about 1.07%, and Occidental Petroleum Corporation ( OXY) is up by about 1.68%.
The Select Sector SPDR Energy ( XLE) was up just a bit more than SPY but some of the oil stocks have the most compelling technical patterns.
One customer of Toyota of Orange is waiting two months to get the car she really, really wants: an all-wheel-drive Sienna XLE Limited minivan in arctic frost pearl with a navigation system.
According to the ETF Finder at ETF Channel, CVX makes up 15.23% of the Energy Select Sector SPDR Fund ETF (XLE)which is trading lower by about 1.2% on the day Friday.
The Sector Select SPDR Financial ( XLF) has lost 6%, the Sector Select SPDR Technology ( XLK) has lost 5.5% while the Sector Select SPDR Energy ( XLE) is down 5.3%.
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