Dec. 31 at 9:41 PM
$XOM nice to see the bullish divergence mid day or so in
$XLE names. Multiple stocks in the sector held key levels closing there yearly candle at critical levels for continuation and/or reversal off there recent support tests. I know im not the only one seeing the strength in energy names.
$CVX closed its yearly candle over the highly technical and psychological level of 150 and
$XOM over 120
$OXY over 40 just to name a few. Dont underestimate the power of this "seemingly" meaningless dynamic for those that are inexpierenced.
$SPY i believe energy will see a big outperformance in january.