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SPDR Select Sector Fund - Energy Select Sector
Updated

XLE/SPY Relative ratio long term

292
XLE/SPY Relative ratio long term, now at 2008 levels, still looks good on short term daily charts
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still active
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active
Note
On relative basis Energy can still outperform the SPY, but it seems that most of the "steep" relative outperformance of this year is done and will not be repeated in 2023.
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Continues, energy still outperforming broader SPX
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Zenjaycfa
Stock market efficiency is an elegant hypothesis that bears quite limited resemblance to the real world, please feel free to follow me on my other social media handles
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Beyond Technical AnalysisChart PatternsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Beyond Technical AnalysisChart PatternsTrend Analysis
Zenjaycfa
Stock market efficiency is an elegant hypothesis that bears quite limited resemblance to the real world, please feel free to follow me on my other social media handles
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.