In any case, whether the future story is Bull or Bear, it seems like now is the best time to pay attention and stay focused not only on these stocks but the sector given the Iraqi situation as well as looming earnings
season for XOM, CVX and related names, which is really not that far off (end of July), as well as the typical seasonality of Gasoline prices around Labor day.
Even though most eyes today may be focused on the U.S. Open or the World Cup, when old school, Value stocks start behaving like Growth stocks, we generally take a closer look at everything we think we “know.” Related funds: ERY (Direxion Daily Energy Bull 3X Shares), ERX (Direxion Daily Energy Bull 3X Shares Expense Ratio 0.95%) which are 3X Daily calibrated to the same Energy Select Sector Index as XLE.
Energy Select Sector SPDR
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at [email protected].
Street One Financial is an educational/research firm utilizing the Broker Dealer services of Precision Securities, a FINRA registered Broker/Dealer.