Energy Falls Off The Table

$XLE

Add energy to the list of faders -

What’s interesting about the XLE 0.00%↑ drop is that it’s been the lone sector darling in the green over the past 90 days. The reality right now is that there isn’t a reason to be putting new money to work anywhere, in my opinion. For me, this has been a week for watching, and not overreacting or impulsively entering a trade because of some false need to do so. In the case of energy, I’m watching that 200 day.