Energy & Resources: sectors worth watching.

I’ve been looking through stocks on my various watch lists for both the Aussie and USA markets and I’ve noted a consistent theme. That is, many of the beaten down Energy and Resource stocks look poised for potential recovery activity. In this post I show some USA sector ETF charts, and these illustrate the recent shift in both the Energy and Metals and Mining sector, and then follow up with some related US and Aussie stocks that have recently made it back on to my radar after some years in the wilderness.

US sector ETFs: looking over the charts of the various US sector ETFs bears this observed theme out quite clearly. Many ETFs are already trading at elevated levels or are on continuation moves. However, the Energy ETF, XLE, and the Metals and Mining ETF, XME, had been trending lower for some years but then consolidated to shape up within triangle patterns. Both, though, have recently made bullish breakouts from these triangles and this bias is what I have been seeing translated across price action of various related stocks.

XHB weekly: Home Builders ETF: already broken higher:

XBI weekly: Biotech ETF: ditto and, also, watch for any ‘Double Top’ activity:

XLF weekly: Financial sector ETF: recently broken higher and watch for any ‘Double Top’ here too:

XLI weekly: Industrials ETF: on a continued roll higher:

XLK weekly: Technology ETF: this has been going for some time so expect some exhaustion?

XLP weekly: Consumer Staples ETF: up and up here too:

XLU weekly: Utilities ETF: ditto here as well:

XLE weekly: Energy sector ETF: Note the recent depressed price action but the new bullish triangle breakout. There is plenty of room for recovery here:

XME weekly: Metals and Mining sector ETF: a new bullish triangle breakout here too after some years of decline. Room for recovery here as well:

USA Stocks worth watching for any new trend line breakout: the following stocks are either Energy related or Metal and Mining related that were once high on my radar but have been out of focus for some time. Recent price action though is bringing them back into focus for closer monitoring of any new momentum-based trend line breakout:

NB: this is just a brief selection of stocks and there are many more candidates that fulfill the criteria here as well.

AUY weekly: Yamana Gold:

ABX weekly: Barrick Gold:

CHK monthly: Chesapeake Energy:

CLF: Cleveland-Cliffs:

CLF weekly:

CLF daily:

DVN weekly: Devon Energy:

FCX weekly: Freeport McMoRan:

KMI weekly: Kinder Morgan:

NBL weekly: Noble Energy:

PBR monthly: Petroleo Brasil:

SWN weekly: Southwestern Energy:

VALE weekly:

X weekly: US Steel:

Aussie Stocks worth watching for any new trend line breakout: NB: some of these stocks have already broken out:

AWC weekly: Alumina:

BCI weekly: BCI Minerals:

BHP weekly:

ERA weekly: Energy Resources Australia:

EVN weekly: Evolution Mining:

FMG weekly: Fortescue Metals:

GBG weekly: Gindalbie Metals:

GCY weekly: Gascoyne Resources:

GRR weekly: Grange Resources:

ILU weekly: Iluka Resources:

MCR weekly: Mincor Resources:

MGX weekly: Mt Gibson Iron:

NCM weekly: Newcrest Mining:

ORG monthly: origin Energy:

OZL weekly: Oz Minerals:

PRU weekly: Perseus Mining:

SBM monthly: St Barbara:

SLR weekly: Silver Lake Resources:

WPL weekly: Woodside Petroleum:

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