XLE outperforms in sectors

XLE – the Energy Select Sector SPDR Fund – is currently going through a consolidation phase within the orange box. During this phase the upper Bollinger Band has leveled off, while the lower Bollinger Band started trending up after a while.

Apart from that, we can see that in the last three sessions, XLE moved above its 50- day exponential moving average and over the upper Bollinger Band. It’s also important to see that both the 10- and the 20- day exponential moving average are trending up already.

We can also see that MACD kept moving in a positive territory throughout January.

XLE’s Relative Strength, on the other hand, is almost horizontal, which means that XLE is moving along our benchmark, the SPY.