King XLE: Squeeze, Surge, and a Full-Blown Re-Rating

King XLE

Back in mid-December, we flagged the enormous squeeze risk in energy: “XLE continues trading inside the huge range that has been in place for years… when things eventually break out, vacuums are created.”

Since then, XLE has ripped more than 20%, pulling decisively away from the short-term 21-day MA. The momentum has been nothing short of impressive.