"Energy shares lead Wall St lower in broad decline" (XLE; ERY)

You may remember us from our previous hit posts such as October 21's "Oil Sell-off, the Goldman View (XLE; ERY)":

We are seeing a lot of recommendations to buy hydrocarbon companies and want to note:

It's Too Early

More to come.

Oct. 22's "WTI Crude Slides Below $81":

It's Too Early

Or Oct. 27's "Oil: Goldman Lowers Forecast, Brent and WTI Both Down":

It's Too Early

Repetitious but at least we varied the type size/face.

And we still think the broader market is going higher.
The XLE has just rebounded a bit, $84.14 down $1.90 (2.21%).
The triple levered inverse ERY up $1.24 (6.82%) at $19.42 with a target of $21.00.
WTI $76.45 down 2.96% on the day.

From Reuters via Yahoo Finance:

U.S. stocks fell in a broad decline on Tuesday, with energy shares leading the selloff as crude prices declined for a fourth straight day, raising concerns about global demand.

U.S. crude oil fell 2.7 percent to $76.64 per barrel, dropping to its lowest level in about three years after Saudi Arabia cut sales prices to the United States. This is the fourth straight session that crude has fallen, losing 6.8 percent over that period. It is down more than 30 percent from a recent closing peak.

While the broader market has risen this year, energy has lagged. The S&P energy index fell 2.5 percent on Tuesday, and it is the only one of the ten primary sectors to be negative on the year.

The Energy Select Sector SPDR ETF fell 2.7 percent on Tuesday to $83.74, while Chevron Corp fell 1.2 percent to $115.38....MORE