Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Stocks

Energy Sector Finally Becoming Bullish?

by December 14, 2023
December 14, 2023
Energy Sector Finally Becoming Bullish?

We publish this table daily to give an overview of the market, sector, and industry group indexes we follow. The Intermediate-Term Trend Model (ITTM) BUY Signals occur when the 20-day EMA crosses up through the 50-day EMA (Silver Cross). Long-Term Trend Model (LTTM) BUY Signals occur when the 50-day EMA crosses up through the 200-day EMA (Golden Cross).

Obviously, the intermediate-term status is excellent, with all but the Energy Sector on ITTM BUY Signals.

Let’s take a look at the Energy Sector chart. Energy has been in a down trend since the September top, and it has held little promise until today, when commodities in general, and crude oil in particular, had solid rallies. It is a little early to declare victory for Energy, but its a good start.

Digging deeper into the technicals, we note that the Silver Cross Index (the percent of XLE components that have their 20EMA above their 50EMA) is very depressed and is due a turn around. The Golden Cross Index (the percent of XLE components that have their 50EMA above their 200EMA) is still very strong, and should underwrite intermediate-term improvement.

Conclusion: While Energy has been poor for the last few months, it appears that rapid improvement is about to take place.

Learn more about DecisionPoint.com:

Watch the latest episode of DecisionPoint on StockCharts TV’s YouTube channel here!

Try us out for two weeks with a trial subscription!

Use coupon code: DPTRIAL2 at checkout!

Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2023 DecisionPoint.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

Helpful DecisionPoint Links:

DecisionPoint Alert Chart List

DecisionPoint Golden Cross/Silver Cross Index Chart List

DecisionPoint Sector Chart List

DecisionPoint Chart Gallery

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules

0
FacebookTwitterGoogle +Pinterest
previous post
Trump jabs at Hunter Biden skipping congressional deposition: ‘Went to the wrong place’
next post
GNG TV: S&P 500 Breakout — Will the Rally Continue to All-Time Highs by Year End?

Related Posts

Master the Market: A Guide to StockCharts’ New...

April 12, 2025

How to Find a BUY Signal Using The...

January 16, 2025

From Summer Doldrums to Year-End Surge: How to...

May 31, 2024

Stock Market Still Has Legs, Bitcoin Sees a...

November 10, 2023

Top 10 Stock Charts For May 2025: Breakouts,...

May 2, 2025

Growth Stocks Tumbling; Where to Find Safe Havens...

March 1, 2025

Sector Rotation Warning: More Downside Ahead for US...

March 8, 2025

From Oversold to Opportunity: Small Caps on the...

July 4, 2025

Lift Off! Aerospace and Defense Stocks Showing Multi-Year...

December 8, 2023

Hedge Market Volatility with These Dividend Aristocrats &...

June 3, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Breakout Watch: One Stock in Each Sector to Watch Now

    • Small Caps Are Rotating In — Here’s Why It Matters

    • Want Faster, Lower Risk Trades? Use This Setup

    • The Seasonality Trend Driving XLK and XLI to New Highs

    • Copper Soars to All-time High as Trump Unveils 50 Percent Tariff on Imports

    • Apollo Silver; Right Assets, Right Management and Right Time

    Categories

    • Business (1,283)
    • Investing (2,658)
    • Politics (3,699)
    • Stocks (1,709)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved