NEW YORK ( TheStreet) -- There continues to be a divergence between Nymex crude oil and the Energy Select Sector SPDR Fund (XLE), which ended September with a positive but overbought weekly chart profile while crude oil ended the third quarter with a negative weekly chart profile.Fundamentally www.ValuEngine.com shows the oils-energy sector only 3.7% overvalued with 11 of the remaining 15 sectors more overvalued. The fundamental divergence is the fact that all of the top 11 components of the XLE have had buy ratings according to ValuEngine at least since Aug. 1.
Will the Oils-Energy Sector Catch QE Fatigue?
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