XLE — All updates

Obviously, super strong, but of late it has been slowing a little bit on the upside on the intermediate term rising phase there 6567 to 6921. Uh so action is obviously still positive in the shortterm rising phase.

Look at that nice higher cycle high, higher cycle low here off of that move there and then a turn up again. Higher cycle high, higher cycle low, higher cycle high, higher cycle low.

So a firm uptrend that is in place and see where it is getting bought right at the rising slim ribbon.

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.