Stocks This Week: Buy Energy Select Sector Spdr Fund (xle) And Marathon Oil

by forbes.com posted 2weeks ago 9 views
The market is likely moving higher this week. Here are trading candidates from the energy sector. : The S&P is likely to rally into the 17th. On that date, the end-of-month (EOM) period of strength expires. It will also be the end of the bullish July OPEX week. Remain long the S&P into Friday. Cycle support dissipates after that date. Rein in leveraged long positions late in the week. July OPEX week from 1985 is depicted below. The XLE energy ETF fell by 3.3% in the last week.

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