Each week ETF Trends publisher Tom Lydon sits down for “ETF of the Week” for MarketWatch on Chuck Jaffe’s MoneyLife Show where he highlights big movers and disappointments among exchange traded funds.
This week, he looked at the Energy Select Sector SPDR Fund (XLE). XLE recently broke above long-term resistance at its 200-day simple moving average as oil prices rebound off a 13-year low.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.