Tuesday, July 21, 2015

Both the Major Oil Company ETFs Set Multi-Year Lows This Morning (XLE; XOP)

They have since bounced along with WTI, most active September's $50.59 up 15 cents with the Dow Jones Industrials down 216 and the S&P down 11.

Here's the ETF for the Major's, State Street's Energy Select Sector SPDR®
XLE Energy Select Sector SPDR ETF daily Stock Chart
And the fund for the little guys, the SPDR® S&P® Oil & Gas Exploration & Production ETF:
XOP SPDR S&P Oil & Gas Explor & Prodtn ETF daily Stock Chart
So What now? 

Pretty much what we've been saying for a while now:
I'm Troy McClure. You may remember me from such earlier posts as:
Jan. 30

It's too early
"It's Too Early"
Jan. 12
It's Too Early
It's (still) Too Early
Jan. 2
It's Too Early 
Dec. 8
It's Too Early
Nov. 29
It's Too Early
Nov. 4
It's Too Early
Oct. 27
It's Too Early
Oct. 22
It's Too Early

Repetitious but at least we varied the type size/face. 
There are quite a few more during the summer-fall of 2014 from before we settled on the three word formulation. 
Going forward we'll try to change it up a bit for our patient (and long suffering) readers.