How StockCharts TV’s view on $XLE changed

2026-08-24Bullish
“The Sector Rotation Just Changed. Here’s What’s Leading”
XLE is set to outperform the S&P 500 due to a completed bottom formation and breakout, with improving relative strength.

Then, let's go to energy. I think that's also a very interesting sector and um I'm going to make a I'm going to try to make an interesting move here cuz this obviously still inside the lagging quadrant.

But, it's really improving rapidly. I think this is probably the longest tail because it's also a lot longer than materials. Longest tail, so picking up momentum rapidly. But also, when you look at the price chart, which we will do in a minute, actually is actually doing really well.

So, I'm going to make this an outperformer. I'm going to label this a green sector because I do feel that it is actually rapidly improving and also the combination with the price chart and the daily RRG, I think has all the ingredients to move faster and outperform the S&P 500.

It made might also be a reason to jump ahead a little bit. But, taking my chances here cuz I really think that energy sector is is in a good spot. It's in a good space.