• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here


    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

The Energy Sector ETF (XLE) is now in bearish formation according to our quantitative setup. It has broken both TRADE and TREND lines of resistance at $72.79 and $71.03, respectively. Our oversold line of support is at $68.84, so keep an eye out for when the XLE  trades around that level.

XLE: Bearish Formation  - XLEchart