One Stock in the Energy Sector Hit a New High This Month
The Energy SPDR (XLE) is by far the weakest sector in the market right now. Most of its 43 components are in downtrends and well below the summer-autumn highs. One stock, however, stands out from this crowd. The chart below shows Tesoro (TSO) breaking out to new highs in mid October and recording a new high on 3-Nov. The stock has since corrected the last two weeks with a falling flag. A break above 74 would signal a continuation higher. The indicator windows show TSO outperforming XLE and SPY.

Click this image for a live chart.