Hi Shoppers,

The Energy Select Sector (Ticker: XLE) is sitting on a support level that is also coinciding with the 200 day moving average:

It also created a hammer yesterday.

A hammer is found at the bottom of a down trend and could be signaling a change in that trend.

I will wait for a confirmation of this hammer, looking for XLE to open and trade higher for at least an hour after the opening before hopping into some calls.

I think XLE can trade back up to the $88 level.

Thanks for Reading … See You Next Tuesday,

Licia Leslie