XLE Update

A few of you have been asking me to update my position on XLE so here it comes. Back on January 19th, I wrote about how XLE looks like a buying opportunity. You can read the original post by clicking here.

Since Jan. 19th, XLE has had a nice rally but has not as of yet reached my upside target which is 80. If you are long, I'd raise my protective stop right below the last swing low which is around 72.