Chart o’ the Day: Energy over Tech?

Crude oil looks like it might break out to the upside.

If it happens, the timing couldn’t be better now that Big Tech is out of commission. Momentum traders may gravitate toward the energy names as they abandon dozens of broken charts over in the QQQ’s.

Here’s West Texas crude oil (top pane) vs a ratio chart of energy stocks / S&P 500 (second pane) vs the energy sector on its own (bottom pane).

What's been said:

Discussions found on the web
  1. click here commented on Sep 14

    … [Trackback]

    […] Find More Information here on that Topic: […]

  2. คอนโดเงินเหลือ commented on Sep 18

    … [Trackback]

    […] Here you can find 66856 additional Information to that Topic: […]

  3. w88 commented on Sep 20

    … [Trackback]

    […] Here you can find 72889 additional Information on that Topic: […]

  4. Eat Verts commented on Sep 21

    … [Trackback]

    […] Information to that Topic: […]

  5. Blazing Speed Trader review commented on Sep 23

    … [Trackback]

    […] Read More to that Topic: […]