You Still Haven't Missed the Energy Boom

In June, I told a group of my paid subscribers that they "haven't missed the energy boom." We've already closed the position I recommended that month for a roughly 14% gain. [Chaikin PowerFeed]( You Still Haven't Missed the Energy Boom By Marc Chaikin, founder, Chaikin Analytics In June, I told a group of my paid subscribers that they "haven't missed the energy boom." We've already closed the position I recommended that month for a roughly 14% gain. And last month, we booked a 38% return with another leader in the energy space. Now, I'm not telling you all that to brag. The fact is, we're in a very challenging market. And I believe nearly every portfolio has suffered under the tough conditions. Even with the market rallying in recent days, the S&P 500 Index is still down about 20% this year. And the tech-heavy Nasdaq Composite Index remains down around 30% in 2022. That makes the energy sector all the more intriguing... You see, the Energy Select Sector SPDR Fund (XLE) is up roughly 60% so far this year. That's an absolutely massive return – especially given the broad market's struggles. However, XLE also fell as much as 27% from its 52-week high. And that high happened all the way back in June. So today, I want to help you answer a simple question... Is the energy sector still a safe bet? Let's see what the Power Gauge says... Recommended Links: [Get Ready for a 2008 Repeat!]( What happens in the coming weeks could make or absolutely break your retirement. That's what history has shown when stocks are falling, inflation is rising, the Fed's raising rates, and economic activity is slowing. But Dan Ferris just stepped forward with an insanely simple solution to protect your wealth. [Full details here](. ['SELL THIS DOOMED FAANG STOCK IMMEDIATELY']( Wall Street titan Marc Chaikin and world-renowned forensic accountant Joel Litman just delivered an urgent crisis warning... and shared their No. 1 step to take with your money right now to protect yourself. Plus, Marc reveals his No. 1 stock you should SELL immediately. It's a legendary "FAANG" stock that he says is headed for disaster. [Click here for details and be ready to act quickly](. Folks, I'll get right to the point... XLE, our proxy for the energy sector, currently earns a "very bullish" overall rating from the Power Gauge. And it's pretty easy to see why on the chart... [Chaikin PowerFeed] After a brief correction, XLE went right back into its uptrend. In fact, it's up a staggering 29% in the last month alone. Next, I want to draw your attention to the "relative strength" panel below the main chart. Notice that XLE's relative performance dipped below the S&P 500 starting in July. In other words... despite its huge run for the year, it started to sputter out over the summer. And it was performing worse than the broad market during that time. Despite that, the Chaikin Money Flow indicator jumped back to positive (green) after most of XLE's downturn. That tells us the so-called "smart money" saw the pullback as a buying opportunity. And it paid off... As you can see on the chart, XLE is now outperforming the market again. Also, most of the stocks in XLE with Power Gauge ratings are "bullish" or better today. Specifically, 14 stocks in XLE earn a "bullish" or "very bullish" rating from the Power Gauge. Six earn a "neutral" rating. And only one earns a "very bearish" rating. That's about as good as it gets these days for a broad market sector like energy. So to answer the question we asked ourselves at the outset... Yes, energy still looks like a safe bet today. No, we haven't missed the opportunity yet. The energy sector is soaring. XLE is up 29% in the last month alone. And even after a cooling-off period over the summer, its 60% year-to-date performance is incredible. But don't feel like you've missed the boat. I expect further outperformance ahead... XLE is currently outperforming the broad market. And if you look at the far-right edge of the Chaikin Money Flow panel in the above chart, you'll see another uptick starting. Put simply, you still haven't missed the opportunity in energy. It's still one of the only shelters from today's market storm. Good investing, Marc Chaikin Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 -0.03% 9 17 4 S&P 500 -0.75% 121 267 108 Nasdaq -2.21% 22 55 23 Small Caps +0.53% 509 908 451 Bonds +1.44% Energy +1.36% 14 6 1 — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks have turned somewhat Bullish. Major indexes are mixed. * * * * Top Movers Gainers [rating] UHS +13.13% [rating] ROL +10.04% [rating] ENPH +9.90% [rating] CSGP +7.44% [rating] FCX +5.27% Losers [rating] AIZ -10.47% [rating] GOOGL -9.14% [rating] BA -8.77% [rating] STX -7.95% [rating] AVY -7.78% * * * * Earnings Report Reporting Today Rating Before Open After Close LKQ, LH, MRK, KDP, TMUS, NOC, FISV VRTX, BWA, TXT, RMD, GILD, HIG, PXD, LHX, PFG SWK, SO, WST, MO, WTW, LIN, MCD, MA, ALLE, KIM, IP, HON, DTE, CMS, CMCSA, CBRE, CAT, CARR, AOS, AMT INTC, WY, VRSN, RSG, MPWR, MHK, AAPL, EW, EMN, DXCM, COF, BIO, AJG, AEP XEL, LUV, SPGI, TFX, WDC, BAX AMZN, VICI, CPT No earnings reporting today. Earnings Surprises [rating] BA The Boeing Company Q3 $-6.18 Missed by $-6.25 [rating] AZPN Aspen Technology, Inc. Q1 $2.20 Beat by $0.95 [rating] ACGL Arch Capital Group Ltd. Q3 $0.28 Beat by $0.10 [rating] ALGN Align Technology, Inc. Q3 $1.36 Missed by $-0.81 [rating] MAA Mid-America Apartment Communities, Inc. Q3 $1.05 Missed by $-0.59 * * * * Sector Tracker Sector movement over the last 5 days Materials +5.38% Health Care +5.33% Energy +4.99% Financial +4.15% Staples +3.94% Real Estate +3.93% Industrials +3.80% Information Technology +3.78% Discretionary +3.09% Utilities +2.07% Communication +0.99% * * * * Industry Focus Insurance Services 26 20 4 Over the past 6 months, the Insurance subsector (KIE) has outperformed the S&P 500 by +6.39%. Its Power Bar ratio, which measures future potential, is Very Strong, with more Bullish than Bearish stocks. It is currently ranked #5 of 21 subsectors and has moved down 1 slot over the past week. Top Stocks [rating] UNM Unum Group [rating] ACGL Arch Capital Group L [rating] RGA Reinsurance Group of * * * * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, [click here](. You’re receiving this e-mail at {EMAIL}. 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