The Trader Daily

This article originally appeared on RealMoney.com on Sept. 2, 2014 at 7:30 a.m. To read more content like this AND see inside Jim Cramer's multi-million dollar portfolio for FREE... Click Here NOW.

I know everyone thinks of Labor Day as the traditional end of summer vacation, but please remember that it generally takes the trading community one or two weeks to get back into the swing of things. In other words, don't be too quick to assume volume and volatility are going to suddenly increase come Tuesday morning.

Before we discuss Tuesday's E-Mini S&P 500 futures (Es) trade plan, I want to take a look at the energy sector. For those who haven't been actively following WTI crude futures, it's worth noting that the October contract has declined from $105 to as low as $92.50 over the past two months. And over the course of this eight-week decline, last week's bounce from roughly $93.50 to $96 was the first time the contract managed to rally for more than two consecutive days.

 

XLE, OIH, FCG, Crude Futures -- Daily Chart
Source: eSignal

 

As you review the multi-sector chart above, please note that while the Energy Select Sector SPDR Fund  (XLE) , Market Vectors Oil Services ETF  (OIH)  and First Trust ISE-Revere Natural Gas ETF  (FCG)  are all trading above their 20-day simple moving averages, only the XLE has managed to recapture its 50-day simple moving average.

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