XLE - Breakout of 7 Year Downtrend

10 בינו׳ 2022

XLE topped in June 2014, and finally broke the down trend on 1/10/22. OPEC and US producers showing tremendous fiscal and drilling discipline (great for shareholders). Oil supply / demand imbalance will only grow more extreme as omicron wanes, and the global economy continues to reopen.

Best performing sector YTD :)