Bryan Leighton's Blog Posts Tagged 'XLE' (11)

Energy Stocks Retreat

All of the leading energy stocks are declining lower this morning. The popular and highly followed Energy Select Sector SPDR ETF (NYSEARCA:XLE) is trading lower by 0.37 cents to $72.05 a share. Short term traders should watch for intra-day support around the $71.50 and $71.00 levels.



Most of the leading energy stocks that are coming under early selling pressure include Exxon Mobil Corp (NYSE:XOM), Devon Energy Corp (NYSE:DVN), and Chesapeake Energy Corporation…

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Added by Bryan Leighton on April 3, 2012 at 10:57am — No Comments

The Falling Energy Sector Has Minor Effect On Indexes

The important energy sector has been declining lower since February 24, 2012. Traders can easily see how the Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) has rolled over since that time. The XLE is now trading below the important daily chart 50 moving average. This formation puts the XLE in a weak technical chart position. Traders can watch for some intra-day support around the $71.00, and $70.00 levels.



Some of the leading energy stocks that are declining…

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Added by Bryan Leighton on March 28, 2012 at 11:22am — No Comments

Has Exxon Mobil Run Out Of Gas?

This morning, Exxon Mobil Corp (NYSE:XOM) is trading lower by 0.89 cents to $84.93 a share. This leading stock is not participating in the early morning stock rally. XOM stock is the second largest stock by market capitalization behind Apple Inc (NASDAQ:AAPL). In other words, XOM stock can move markets as it is a major part of the Dow Jones Industrial Average. Short term traders can watch for intra-day support around the the $84.75, and $84.00 levels. The daily chart will have near…

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Added by Bryan Leighton on March 8, 2012 at 10:18am — No Comments

Energy Stocks Lose Early Steam

This morning, the leading integrated energy stocks have pulled back from the opening highs. Traders must remember that the energy sector accounts for roughly 15.0 percent of the S&P 500 Index. The leading energy stock in the world is Exxon Mobil Corp (NYSE:XOM). This stock was trading as high as $84.50 just after the opening bell rang at the New York Stock Exchange. The stock is now trading higher by just 0.24 cents to $84.04 a share. XOM stock will have intra-day support around…

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Added by Bryan Leighton on February 13, 2012 at 10:58am — No Comments

ConocoPhillips Bucks The Morning Trend

Conocophillips (NYSE:COP) is one of the world's leading integrated energy stocks. This morning, the stock is trading higher by 0.50 cents to $72.05 a share. COP stock is trading higher despite the sharp early morning sell off in most other energy stocks. This early move in COP tells us that the stock has intra-day relative strength. If the major stock indexes do bounce higher at some point today this stock could lead the markets higher. Short term traders must watch for intra-day…

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Added by Bryan Leighton on February 10, 2012 at 10:09am — No Comments

Integrated Energy Out Of Fuel This Morning

The leading integrated energy stocks are all coming under some early selling pressure this morning. Exxon Mobil Corp (NYSE:XOM) is now the second largest company by market capitalization behind Apple Inc (NASDAQ:AAPL). This leading energy stock is trading lower by $1.00 to $86.17 a share. Exxon Mobil stock has been very strong as of late on the daily chart and today's pullback is rather healthy for the energy heavyweight. This giant energy company will have intra-day support around the…

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Added by Bryan Leighton on January 25, 2012 at 11:18am — No Comments

Integrated Energy Under Early Pressure

This morning, leading integrated energy stocks such as Chevron corp (NYSE:CVX) and Exxon Mobil Corp (NYSE:XOM) are coming under early selling pressure. Short term traders can watch for intra-day support on CVX around the $105.20 level. XOM stock will have intra-day support around the $85.00 area. It is important to note that these energy giants remain very strong on the daily chart, therefore, support levels can usually be bought.



Nicholas Santiago…

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Added by Bryan Leighton on January 18, 2012 at 10:15am — No Comments

Energy Stocks Run Out Of Steam

This morning, all of the leading energy stocks are coming under some selling pressure. Leading stocks such as Exxon Mobil Corp (NYSE:XOM), and Chevron Corp (NYSE:CVS) have been exceptionally strong as of late, therefore, a pullback today is due. These market leaders are trading lower today by over 1.0 percent. Short term traders can watch for intra-day support on XOM around the $85.00 and $84.70 levels.



Some other leading energy stocks that are trading lower…

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Added by Bryan Leighton on January 5, 2012 at 10:27am — No Comments

Integrated Energy Losing Steam

This morning, all of the leading integrated energy stocks are coming under selling pressure along with the major stock indexes. The energy sector accounts for nearly 15.0 percent of the S&P 500 Index, therefore, this index is extremely important as it holds a lot of weight in the market.



Exxon Mobil Corp (NYSE:XOM) is the largest leading energy stock in the market. XOM stock is declining lower today by $1.09 to $80.26 a share. Traders and investors should…

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Added by Bryan Leighton on December 12, 2011 at 11:15am — No Comments

The Chart That Says It All

This morning, all of the major stock indexes are coming under severe selling pressure. The volume on the decline is very heavy, signaling that institutional money wants out of this market right now. Leading stocks such as Apple Inc (NASDAQ:AAPL), J.P. Morgan Chase & Co (NYSE:JPM), and Exxon Mobil Corp (NYSE:XOM) are all trading sharply lower to start the day. In other words, the baby is being thrown out with the bath water. The problems in the European Union is once again the…

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Added by Bryan Leighton on November 9, 2011 at 10:28am — No Comments

There Is Only One Way To Get It Up

As you may know, the major stock market indexes have been struggling since topping out in May 2011. Since that time, there has only been one way to get this market to trade higher; the U.S. Dollar Index has to decline. That's right, unless the U.S. Dollar Index sells off or declines the stock markets cannot seem to trade higher. In fact, when the U.S. Dollar Index strengthens everything deflates and trades lower. Several months ago when oil and commodity prices were soaring higher it…
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Added by Bryan Leighton on September 28, 2011 at 3:44pm — No Comments

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