Exxon, Energy Drop Still Have Long Way to Go
Last week I wrote a piece called Cashing In on Energy Drop which I hope allowed Minyans to mint a little coin while others were scrambling for security. Now that many of these charts have broken down significantly I find it worthwhile to update my thesis a bit and look at what we should expect from this point forward. First however let’s take a look at some before and after for the Select Energy ETF (XLE) Transocean (RIG) and Exxon-Mobil (XOM): Select Energy ETF September 3Chart courtesy of Telechart www.worden.comSelect Energy ETF September 10Chart courtesy of Telechart www.worden.comTransocean September ...
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