After a breakout earlier this week, the Energy Sector (ETF XLE)'s bull:bear Power Gauge ratio is outperforming the market. Within XLE, the refiners are a strong industry group, and very bullish rated VLO triggered a buy signal today. With earnings coming up at the end of the month, we're staying in this one until either the day before earnings or a price target of $63, whichever comes first. We set a stop just below the most recent swing low in case it reverses.
With earnings season just around the corner, now is the perfect time to get your free two week trial of Chaikin Analytics. We'll be taking speculative option trades on Very Bullish and Very Bearish stocks that provide good technical set ups into earnings. Last fall, a remarkable 20 out of 22 trades worked out in the direction of the Power Gauge.
With earnings season just around the corner, now is the perfect time to get your free two week trial of Chaikin Analytics. We'll be taking speculative option trades on Very Bullish and Very Bearish stocks that provide good technical set ups into earnings. Last fall, a remarkable 20 out of 22 trades worked out in the direction of the Power Gauge.
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