drewby4321

Price of Oil rising while XLE falls

Long
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Futures on crude oil is increasing while XLE is flat or declining. The gap is widening. Bottom indicator is taking the 100 day % change of each and comparing.

How much does XLE need to move to catch up?
Is the tech bubble holding XLE down?
How resilient would XLE be against the market further correcting?

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