RE: SPDR Sector Relative Strength Analysis Report For Week Starting 11/23/20

I am eyeing on the energy sector. Even from your charts it appears XLE is coming up to a line of resistance but it is the only sector that has been trending down all year that just recently turned up after the election. Although all sectors were up after the elections, energy seems very interesting as it continues upward. Personally not thinking fundamentals here but think trading. All that drop in energy up to now could not have just been people selling, shorts sooner or later will need to cover. If XLE breaks up further, it will add fuel to the fire. I notice last negative headline with OPEC not willing to decrease oil production was only a temporary sell off that got bid up. Very interesting indeed.