$XOP up 50% in past month, and exactly why we tend to highlight this product for non-oil ppl who are hellbent on investing in an oil rebound. None of the futures bs, but a little more upside pop vs$XLE. Same pattern played out in 2016, albeit $USO wasn't down.pic.twitter.com/8UPl8QSA5V
One last thing on the $XLEvs$XOP comparison is that services are all at the top of my board today and doing much better than E&P, seems like they are the relative strength in the sector. The XLE has a big services component, the XOP has none.
You may be right, but seems like really light volume for a bottom. Last time this sector rallied hard was after Dec 4th, pre OPEC. Oil had already been going up for a while and there was a long divergence in $XOPvs$XLE. I don't see that same dynamic at this moment.
>with a delicate feeling of a selfhating liberal, bought it (OIH) even it never shines vsXLE and only sometimes vsXOP (where bounce of ratio is due). Hope odds of profit are higher than Killary's 2016. #BottomSympathyPlay