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Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:46 EDTXLEEnergy Select Sector SPDR: Pivot points
The following are the pivot points for XLE. Pivot High: $88.245, Pivot Low: $87.390. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
News For XLE From The Last 14 Days
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February 12, 2016
13:14 EDTXLEOn The Fly: Weekly technical notes for S&P 500
The S&P 500 index hit a new marginal 52-week low at 1810.10 on Thursday, coming very close to reaching the downward price target for the bearish head and shoulders pattern on the 1-month chart. The pattern did not reach full potential as a story on a potential breakthrough from OPEC on crude supply sent price spiking moments after that index low, and a new low in crude, were reached. The correlation that many traders hoped would evaporate between crude pricing and the index continues on course. While the index is off lows, if the report fails to produce a meaningful cut it could well send the index down to retest the lows in short order. The ProShares Short High Yield (SJB) once again was an excellent indicator of the distress in credit markets driven in large part by energy companies. It hit a fresh 52-week high, moving inversely to the S&P 500, just as the index made new lows. Its subsequent sharp drop late Thursday gave an all-clear, for a short-term trade at least, in the S&P 500. For the coming holiday-shortened week, crude and junk bond pricing will continue to sway the index in both the Financials (XLF) and Energy (XLE).
08:46 EDTXLEEnergy Select Sector SPDR: Pivot points
The following are the pivot points for XLE. Pivot High: $55.016, Pivot Low: $53.116. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
February 11, 2016
14:51 EDTXLEEnergy Select Sector SPDR spikes higher on OPEC
The ETF has reversed sharply to the upside on some potentially positive OPEC move, last at $53.75. At that price next resistance is at $54.97. Support is at $53.17.
08:46 EDTXLEEnergy Select Sector SPDR: Pivot points
The following are the pivot points for XLE. Pivot High: $54.705, Pivot Low: $52.895. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
February 10, 2016
08:46 EDTXLEEnergy Select Sector SPDR: Pivot points
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February 9, 2016
13:10 EDTXLEEnergy Select Sector SPDR volatility elevated as WTI trades below $29
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08:46 EDTXLEEnergy Select Sector SPDR: Pivot points
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February 8, 2016
08:46 EDTXLEEnergy Select Sector SPDR: Pivot points
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February 5, 2016
08:46 EDTXLEEnergy Select Sector SPDR: Pivot points
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February 4, 2016
08:46 EDTXLEEnergy Select Sector SPDR: Pivot points
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February 3, 2016
08:46 EDTXLEEnergy Select Sector SPDR: Pivot points
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February 2, 2016
09:41 EDTXLEEnergy Select Sector SPDR tumbles as crude continues lower
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08:46 EDTXLEEnergy Select Sector SPDR: Pivot points
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February 1, 2016
08:46 EDTXLEEnergy Select Sector SPDR: Pivot points
The following are the pivot points for XLE. Pivot High: $59.130, Pivot Low: $57.350. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
08:40 EDTXLEEnergy Select Sector SPDR falls on weak crude pricing
In the pre-market the ETF is down over 1.5% to $57.31 as crude drops sharply in price on fading hopes of an OPEC-lead cut in production. At current price next support is at $56.46. Resistance is at $58.21, the prior session closing price.

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