Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Energy, XLE on the Move


Wednesday October 25th, 2006
Energy, XLE on the Move
by Mike Paulenoff www.MPTrader.com
The XLE has continued its upside surge to 57 this morning off of Monday's pullback low and pivot at 54.07. My optimal "next" target zone is 57.00/.40, but my near-term work supports a move to 58.20/50 as well. At this juncture only a reversal and close beneath today's low at 55.46 will compromise upside continuation.
Take Advantage Of Our Free
7-Day Trial, $7/Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!