NEW YORK (TheStreet) -- The Energy Select Sector SPDR Fund (XLE) consists of 44 companies, including two components of the Dow Jones Industrial Average. The energy exchange-traded fund has a year-to-date loss of 9.5%, with the price of a barrel of Nymex crude oil down 44%, ending Friday at $54.73.

Crude oil set its bubble peak at $147.27 in July 2008, while the energy SPDR fund peaked at $101.52 on June 23, 2014. The energy-stock bubble thus continued to inflate for another six years. Three of the four energy stocks profiled today set new all-time intraday highs in 2014 before crashing with crude oil.

Here are profiles of four components: Two from the Dow and two others with gas stations.

Dow component Chevron  (CVX) ($113.25) has a year-to-date loss of 9.3% but the stock plunged 26% from its all-time intraday high at $135.10 set on July 24, to its 2014 low at $100.15, set on Dec. 16 as its bubble popped. Chevron has been below its 200-day simple moving average at $121.67 since Sept. 24. The weekly chart shifts to positive, given a close above its key weekly moving average at $112.96, which lines up with the 200-week simple moving average at $112.97.

Dow component Exxon Mobil  (XOM) ($93.21) has a year-to-date loss of 7.9%, but the stock slumped 18% from its all-time intraday high at $104.76 set on July 29, to its 2014 low at $86.19, set on Dec. 16 as its bubble popped. Exxon has been below its 200-day simple moving average at $97.80 since Sept. 8. The weekly chart shifts to positive, given a close this week above its key weekly moving average at $93.11 with its 200-week simple moving average at $88.87.

Hess Corp  (HES) ($74.31) has a year-to-date loss of 10%, but the stock plunged 39% from its multiyear intraday high at $104.50 set on July 30 to its 2014 low at $63.80, set on Dec. 16 as its bubble popped. Hess has been below its 200-day simple moving average at $89.19 since Oct. 7. The weekly chart shifts to positive, given a close this week above its key weekly moving average at $77.32, with its 200-week simple moving average at $70.14.

Marathon Oil (MRO) ($28.26) has a year-to-date loss of 20% and the stock plunged 42% from its all-time intraday high at $41.92 set on Sept. 3, to its 2014 low at $24.28 set on Dec. 16 as its bubble popped. Marathon has been below its 200-day simple moving average at $36.11 since Oct. 7. The weekly chart is negative but oversold, with its key weekly moving average at $30.25 and the 200-week simple moving average at $32.23.

Here's the daily chart for the Energy Sector SPDR.


Courtesy of MetaStock Xenith

The daily chart for the energy sector ETF ($80.11) shows that this fund entered 2014 above its 200-day simple moving average (green line), then at $82.44. This ETF dipped below its 200-day SMA between Jan. 31 and Feb. 7, at $83.45, providing a buying opportunity for the run-up to the all-time intraday high set at $101.52 on June 23.

From this high, the energy ETF plunged 29% to a 2014 low at $72.51 into Dec. 16.

Here's the weekly chart for the Energy Sector SPDR.


Courtesy of MetaStock Xenith

The weekly chart for the energy sector ETF shows it had been above its 200-week simple moving average (green line) between Oct. 2011 and Dec. 12, 2014, and ended last week above this moving average, now at $78.75.

The weekly chart shifts to positive, given a close this Friday above its key weekly moving average, at $82.04. The momentum reading shown at the bottom of the graph in red is rising above the $20.00 oversold threshold at $25.40.

 

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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