The Traderszone Network

Published in TZ Latest News 16 April, 2016 by The TZ Newswire Staff

Bottom fishing in the Energy sector..

The energy sector has been a very poor performing sector for a very long time. However, on the Relative Rotation Graph for US sectors (ETFs), XLE is now way up inside the improving quadrant and heading right towards leading. This makes it a good sector to dissect on an individual equity level to see if there are any good buying candidates available in case this sector rotation continues in its current direction.

To do this, I will work my way through the Relative Rotation Graph holding the constituents of XLE.

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