• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock Energy Sector Finally Becoming Bullish?
Stock

Energy Sector Finally Becoming Bullish?

by December 14, 2023
by December 14, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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

You Might Also Like
  • META Stock in Limbo: What You Need to Know Before the Next Big Price Swing
  • Bitcoin Sets Up with Classic Continuation Signal
  • Four Charts to Track a Potential Market Top
  • Top 5 Stocks in “Go” Trends | Fri Aug 9, 2024
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Rentals across the U.S. may be easing and finally giving tenants a break
next post
The Hoax of Modern Finance – Part 2: Indicators, Terminology, and Noise

You may also like

Renewed UPTREND for Semis — SMH and SOXX ETFs Breaking...

December 12, 2023

Bullish Moxie Setups Working

April 15, 2023

Three Sectors Stand Out and One Sports a Bullish Breakout

June 13, 2025

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

April 11, 2025

Bullish Compression in Consumer Staples

April 13, 2023

Did Friday’s Reversal Mark A Major Bottom?

March 8, 2025

Using Two Timeframes to Increase the Odds – Starting with...

January 13, 2024

Setting Up the Most Important Chart You’ll See on StockCharts

March 24, 2023

Earnings Momentum May Push the Stock Market to New Highs

July 28, 2023

S&P 500 & Nasdaq Composite Approach Critical Resistance; Watch for...

April 26, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent Posts

    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Small Caps Are Rotating In — Here’s Why It Matters

      July 9, 2025
    • Amazon extends Prime Day discounts to 4 days as retailers weigh tariffs and price increases

      July 9, 2025
    • Breakout Watch: One Stock in Each Sector to Watch Now

      July 9, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,630 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,576 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,449 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,660)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025
    • Small Caps Are Rotating In — Here’s Why It Matters

      July 9, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,167)
    • Investing (538)
    • Stock (2,660)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Top Five Charts of 2023 #2:...

    December 19, 2023

    These SURPRISING Sectors are Showing Strength

    June 4, 2024

    Sector Rotation: How to Spot It...

    February 26, 2025
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here