The energy sector is comprised of stocks involved in oil and gas fuels, and the equipment necessary to find and process the fuel. It includes both exploration, servicing, and refining. Here’s the current breakdown of the sector.
XLE contains all the energy stocks included in the S&P 500. In many of our past articles, we’ve focused on using the Sector Select SPDR ETFs. These are sponsored by State Street, but they’re not the only ETFs you can use for research. There are also ETFs from iShares, Vanguard, Fidelity, and many of the other sponsors.
What To Do
It’s quick and easy to set up a Watch list to follow these stocks.
Click on the “Portfolios” tab at the top of the page, click on the “Watch Only” tab at the top of the screen, and then click on the green “Add Portfolio” button. A new window will open on the screen and we can create the Watch list.
We’ll want to click the “Save and Add More” button until all 10 positions have been entered. If you’re feeling bullish about the energy sector, there are only 32 stocks that make up XLE so you could add them all to your watch list if you’d like.
When one of the stocks that are in the SSI Red Zone triggers a new SSI Entry Signal, you’ll be notified and can determine if that stock is right for your portfolio.
You can do this with any of the sectors or industries that you wish to follow. It’s a great way to keep an eye on a large number of sectors, industries, and stocks at one time.
And when you’re doing your research, you now have it easily available in just one or two clicks.
Education Director, TradeStops