XLE Research Archive

Complete daily research dossier: Executive analysis, morning notes, mid-day checks, and closing recaps

April 1, 2026

Wednesday

Open
$59.73
Close
$58.97
-1.26%
πŸŒ…

Morning Note

4:15 PM

Sentiment
-60

XLE Under Pressure Despite Broader Market Gains

The energy sector is showing distinct relative weakness, dropping 1.98% while the SPY rallies 1.18%. In the absence of specific news, this move reflects a broader risk-off rotation away from energy as capital flows toward tech and other growth sectors. Price action remains significantly below the 200-day moving average of $75.27, confirming the ongoing bearish trend.

Support: $59.00
Resistance: $61.23
Macro
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
-90

XLE Tracks Broader Sell-Off

Shares of the Energy Select Sector SPDR (XLE) are down 3.76%, showing notable relative weakness compared to the S&P 500's -2.46% decline. With no sector-specific catalysts, the move is driven by a macro-driven flight from risk. The price continues to trade well below its 200-day SMA of $75.27, confirming a structural bearish trend.

Support: $58.00
Resistance: $61.25
Macro

March 31, 2026

Tuesday

Open
$62.13
Close
$61.23
-1.45%
πŸŒ…

Morning Note

4:15 PM

Sentiment
-40

XLE Fades Despite Rising Oil Prices

Energy Select Sector SPDR Fund (XLE) is trading lower by 0.27%, displaying notable relative weakness compared to the 1.44% gain in the SPY. Despite reports of escalating Mideast tensions providing a tailwind for crude, the fund is struggling to maintain its footing after opening at $62.13. Investors appear to be taking profits or exercising caution as the geopolitical situation develops.

Support: $61.96
Resistance: $62.17
Earnings
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
-40

XLE Fades Despite Geopolitical Tensions

The Energy Select Sector SPDR Fund (XLE) is showing notable relative weakness today, trading down 0.27% while the S&P 500 rallies over 2%. Despite headlines regarding escalating Mideast conflict and threats to tankers, the fund has failed to maintain its morning open, indicating a potential 'sell the news' reaction to the volatility in crude markets. It remains significantly below its 200-day SMA of $75.27.

Support: $61.50
Resistance: $63.00
Earnings

March 30, 2026

Monday

Open
$63.13
Close
$61.96
-1.85%
πŸŒ…

Morning Note

4:15 PM

Sentiment
+20

XLE Tracks Broader Market Gains

Energy Select Sector SPDR Fund (XLE) is trading modestly higher this morning, moving in lockstep with the broader market's 0.5% gain. With no specific sector catalysts present, the move appears to be a function of macro-driven sentiment. The ETF is maintaining a steady posture near daily highs, reflecting broad investor participation in the current market environment.

Support: $62.57
Resistance: $63.50
Macro
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+50

XLE Displays Relative Strength Amid Market Selloff

The Energy Select Sector SPDR Fund (XLE) is defying the broader market's sharp decline, posting a modest gain of 0.21%. With the SPY down over 3%, XLE is showcasing notable defensive relative strength. In the absence of sector-specific news, the fund appears to be functioning as a safe-haven trade during today’s macro-driven volatility.

Support: $62.50
Resistance: $63.50
Macro

March 27, 2026

Friday

Open
$61.53
Close
$62.57
+1.69%
πŸŒ…

Morning Note

4:15 PM

XLE Holds Steady Amid Market Pullback

Energy Select Sector SPDR Fund (XLE) is flat at $61.53, showing relative strength compared to the broader S&P 500, which is down 0.76%. In the absence of specific news, XLE is tracking the market's defensive rotation as investors wait for further macro catalysts. The stock remains significantly below its 200-day SMA of $75.68, maintaining a cautious technical posture.

Support: $60.00
Resistance: $63.00
Macro
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+80

XLE Defies Market Downturn with Relative Strength

The Energy Select Sector SPDR (XLE) is displaying impressive resilience, climbing 1.63% while the broader market faces a sharp 1.39% decline. In the absence of specific news, this move reflects a defensive rotation into energy as investors flee higher-beta sectors. The ETF is holding well above its recent range, showing clear relative strength against the SPY.

Support: $61.50
Resistance: $63.00
Macro

March 26, 2026

Thursday

Open
$60.72
Close
$61.53
+1.33%
πŸŒ…

Morning Note

4:15 PM

Sentiment
+80

XLE Defies Broad Market Sluggishness

The Energy Select Sector SPDR Fund (XLE) is showing notable relative strength this morning, gaining 1.45% while the SPY drifts lower. With no specific news catalyst, the move appears driven by technical momentum as the index attempts to build on its opening gap. Despite trading significantly below its 200-day SMA ($75.69), the current price action is showing resilience against the broader market's minor pullback.

Support: $60.72
Resistance: $62.00
Technical
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+90

XLE Defies Market Headwinds

The energy sector is showing notable relative strength today, advancing 1.45% even as the SPY faces a broad sell-off of nearly 1%. With no specific company news, this move represents a defensive rotation or tactical play by investors against the wider market downward trend.

Support: $60.58
Resistance: $62.00
Macro

March 25, 2026

Wednesday

Open
$60.40
Close
$60.58
+0.30%
πŸŒ…

Morning Note

4:15 PM

Sentiment
+20

XLE Defies Broader Market Downturn

The Energy Select Sector SPDR Fund (XLE) is showing relative strength this morning, posting a 0.22% gain while the SPY retreats 0.36%. With no specific catalysts, the move appears to be a defensive rotation as investors hedge against broader market weakness. Technically, the stock remains well below its 200-day SMA ($75.69), suggesting a bearish long-term trend, but current price action is holding support above $60.00.

Support: $60.00
Resistance: $61.00
Macro
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+50

XLE Displays Relative Strength Amid Market Selloff

Shares of XLE are bucking the trend, holding a 0.44% gain while the SPY plummets 3%. In the absence of specific sector news, this defensive resilience suggests capital rotation into Energy as investors seek safety. The ETF continues to trade significantly below its 200-day SMA ($75.68), but its ability to maintain green territory during a broad-market liquidation highlights notable relative strength.

Support: $60.40
Resistance: $60.83
Macro

March 24, 2026

Tuesday

Open
$59.79
Close
$60.83
+1.74%
πŸŒ…

Morning Note

4:15 PM

Sentiment
+20

XLE Tracks Broader Market Gains

Energy Select Sector SPDR Fund (XLE) is trading higher by 0.33%, moving in tandem with the S&P 500's 0.61% gain. With no sector-specific catalysts, the ETF is exhibiting modest upside as part of the broader market relief rally. It continues to trade well below its 200-day SMA of $75.68, maintaining a technical downtrend despite today's gentle bid.

Support: $59.62
Resistance: $60.02
Macro
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+60

XLE Breaks Higher on Momentum

Energy Select Sector SPDR Fund (XLE) is showing notable relative strength, advancing 1.63% while the broader SPY remains flat. With no specific news catalyst, the move appears driven by technical rotation. Despite the intraday strength, shares remain well below the 200-day SMA of $75.68, suggesting the current trend is a bounce within a longer-term downtrend.

Support: $59.62
Resistance: $61.50
Technical

March 23, 2026

Monday

Open
$57.88
Close
$59.62
+3.00%
πŸŒ…

Morning Note

4:15 PM

Sentiment
-20

XLE Underperforms Amid Energy Volatility

Energy stocks are lagging the broader market as traders weigh geopolitical uncertainty surrounding Iran. Despite analyst upgrades to oil price targets, the sector is showing significant relative weakness against the SPY (+1.3%). The stock is currently fighting to maintain its morning gains as investors digest conflicting headlines regarding energy supply stability.

Support: $58.50
Resistance: $61.00
Earnings
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
-10

XLE Struggles as Iran Tensions Wane

The Energy Select Sector SPDR Fund (XLE) is showing significant relative weakness today, barely holding a 0.2% gain while the broader market (SPY) surges 1.47%. Volatility in oil prices, driven by the 48-hour deadline concerning Iran, has created an uncertain backdrop for energy equities. Despite analyst optimism, the sector remains pinned well below its 200-day moving average ($75.81), indicating a persistent structural downtrend.

Support: $58.00
Resistance: $60.50
Earnings

March 20, 2026

Friday

Open
$59.56
Close
$59.34
-0.37%
πŸŒ…

Morning Note

4:15 PM

Sentiment
+60

XLE Displays Relative Strength Amid Market Weakness

Energy is bucking the broader market trend, trading up 0.72% while the SPY declines 0.47%. With no specific catalysts, this move appears tied to macro rotation into defensive sectors. XLE is currently trading above its opening print of $59.56, demonstrating clear relative strength against the benchmark index.

Support: $59.00
Resistance: $61.50
Macro
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+30

XLE Displays Relative Strength Amid Energy Surge

The Energy Select Sector SPDR Fund (XLE) is trading higher by 0.72% while the broader market is reeling. With oil prices testing $120, the energy sector is acting as a defensive haven. The stock is exhibiting significant relative strength against the SPY, which is down nearly 4%. While geopolitical tensions in Iran create a cautious long-term outlook, price action remains firmly bullish in the short term.

Support: $59.00
Resistance: $61.50
Earnings

March 19, 2026

Thursday

Open
$58.84
Close
$59.38
+0.90%
πŸŒ…

Morning Note

4:15 PM

Sentiment
+50

XLE Gains on Geopolitical Risk

The Energy Select Sector SPDR Fund (XLE) is outperforming the S&P 500, rallying 0.88% this morning as WTI crude prices surge toward the $100/barrel mark due to escalating tensions in Iran. Despite the macro-uncertainty, XLE is showing clear relative strength against the broader market index.

Support: $58.44
Resistance: $60.00
Earnings
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+50

XLE Gains on Geopolitical Oil Surge

The Energy Select Sector SPDR Fund (XLE) is outperforming the S&P 500, rising 0.88% as WTI crude prices approach the $100/barrel threshold due to Iran-related geopolitical escalation. While the news is fundamentally complex, the price action reflects the sector's historical role as a hedge against supply-side instability. XLE is showing clear relative strength against the flat broader market.

Support: $58.44
Resistance: $60.00
Earnings

March 18, 2026

Wednesday

Open
$58.73
Close
$58.44
-0.50%
πŸŒ…

Morning Note

4:15 PM

Sentiment
+20

XLE Displays Relative Strength Amid Broader Market Pullback

The Energy Select Sector SPDR Fund (XLE) is showing resilience this morning, edging up 0.07% despite a -0.22% decline in the SPY. With no sector-specific news, XLE is moving independently of the broader market sell-off, signaling a defensive rotation or sector-specific positioning. Trading is currently range-bound near the $58.80 mark.

Support: $58.50
Resistance: $59.00
Macro
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+50

XLE Displays Relative Strength Amid Market Selloff

The Energy Select Sector SPDR Fund (XLE) is showing notable resilience, trading slightly higher by 0.07% while the broader market (SPY) drops over 1%. In the absence of sector-specific news, XLE is acting as a defensive outlier against the macro-driven weakness. The index remains well below its 200-day moving average of $76.19, suggesting a cautious technical outlook despite today's stability.

Support: $58.00
Resistance: $59.50
Macro

March 17, 2026

Tuesday

Open
$58.23
Close
$58.51
+0.48%
πŸŒ…

Morning Note

4:15 PM

Sentiment
-20

XLE Tracks Broader Market Lower

The Energy Select Sector SPDR Fund (XLE) is trading modestly lower this morning, down 0.15%. With no direct catalysts, the price action is reflecting a general move in lockstep with the broader market as the SPY shows a slight decline of 0.19%. The ETF remains well below its 200-day moving average of $76.33, indicating that sellers remain in control of the medium-term trend.

Support: $57.90
Resistance: $58.36
Macro
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+50

XLE Displays Relative Strength Amid Market Sell-Off

The Energy Select Sector SPDR Fund (XLE) is showing notable resilience, trading up 0.99% while the broader market (SPY) faces a sharp 3.01% decline. With no sector-specific catalysts, this outperformance is primarily driven by macro flows seeking safety or thematic rotation. The stock remains well below its 200-day SMA of $76.33, indicating that despite today's strength, it remains in a long-term downtrend.

Support: $57.90
Resistance: $60.00
Macro

March 16, 2026

Monday

Open
$57.76
Close
$57.90
+0.24%
πŸŒ…

Morning Note

4:15 PM

Sentiment
+20

XLE Edges Higher Amid Market Stability

The Energy Select Sector SPDR Fund (XLE) is showing slight relative strength this morning, gaining 0.28% compared to the S&P 500's flat open. With no sector-specific catalysts, the move appears tied to broad market sentiment as the ETF continues to hold well above its recent lows. While the MACD remains below the signal line, suggesting underlying caution, the price action remains constructive for early morning participants.

Support: $57.39
Resistance: $58.00
Macro
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+30

XLE Defies Broad Market Flatness

Energy Select Sector SPDR (XLE) is showing relative strength in midday trading, up 0.28% while the SPY sits flat. With no specific sector catalysts, the move appears to be a defensive rotation or tactical bid. The stock is currently trading above its open of $57.76, though it remains significantly suppressed relative to its 200-day SMA.

Support: $57.39
Resistance: $58.00
Macro

March 13, 2026

Friday

Open
$57.41
Close
$57.69
+0.49%
πŸŒ…

Morning Note

4:15 PM

Sentiment
-10

XLE Tracks Market Lower in Quiet Trading

The Energy Select Sector SPDR Fund (XLE) is opening slightly lower, down 0.17% in sympathy with a broader market retreat of 0.23%. Lacking specific fundamental drivers, the sector remains sensitive to macro headwinds. Technically, the fund is trading well below its 200-day SMA of $76.60, suggesting a long-term bearish structure despite modest daily fluctuations.

Support: $55.00
Resistance: $60.00
Macro
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+20

XLE Displays Relative Strength Amid Market Selloff

The energy sector is showing notable resilience today, down only 0.17% compared to the S&P 500's sharp 3.53% decline. With no sector-specific catalysts, the fund is moving primarily on broad macro defensive flows. Despite the broader market weakness, XLE continues to hover near its previous close, demonstrating significant relative strength as investors rotate toward defensive positioning.

Support: $55.00
Resistance: $60.00
Macro

March 12, 2026

Thursday

Open
$57.19
Close
$57.52
+0.57%
πŸŒ…

Morning Note

4:15 PM

Sentiment
+50

XLE Defies Broader Market Downturn

Shares of the Energy Select Sector SPDR Fund (XLE) are showing notable relative strength this morning, posting a 0.18% gain while the S&P 500 struggles with a 0.17% decline. In the absence of sector-specific catalysts, the fund is moving independently of the broader market, maintaining its position above the $57 handle. With the MACD signal line still lagging, bulls will look for sustained volume to challenge the gap toward its 200-day moving average.

Support: $57.00
Resistance: $57.50
Macro
β˜€οΈ

Mid-Day Check

8:15 PM

Sentiment
+80

XLE Displays Strength Amid Market Stagnation

The Energy Select Sector SPDR Fund (XLE) is showing notable relative strength, climbing 1.47% while the broader market remains flat. With no specific news catalysts, this move appears driven by technical momentum as the ETF extends its recovery. While it remains well below the 200-day SMA of $76.73, the current price action reflects aggressive buying interest.

Support: $57.00
Resistance: $59.00
Technical

March 11, 2026

Wednesday

Open
$55.63
Close
$57.00
+2.46%
πŸŒ…

Morning Note

2:15 PM

Sentiment
-60

XLE Faces Headwinds on Reserve Release News

The Energy Select Sector SPDR Fund (XLE) is pointing toward a softer open as markets digest reports of a potential massive oil release from strategic reserves by the IEA. While historical volatility analysis remains a niche discussion, the fundamental news regarding potential supply gluts is taking center stage. With the stock trading well below its 200-day SMA of $76.85, the bears remain in control of the intermediate trend.

Support: $54.50
Resistance: $57.00
Earnings
β˜€οΈ

Mid-Day Check

5:15 PM

Sentiment
+30

XLE Defies Negative Headlines

Despite reports regarding a potential IEA strategic oil reserve release, XLE is displaying notable relative strength, climbing 1.67% while the broader market slips. The ETF is currently testing the upper end of its daily range at $56.59. While macroeconomic headwinds regarding energy supply persist, the underlying technical buying pressure is currently overriding negative fundamental news.

Support: $55.56
Resistance: $57.00
Earnings
πŸŒ‡

Closing Recap

9:15 PM

Sentiment
+20

XLE Defies Negative Oil Headlines

The Energy Select Sector SPDR Fund (XLE) closed the session with a notable gain of 1.67%, finishing near its intraday highs of $56.59. This performance is particularly resilient given the headlines regarding a potential IEA strategic reserve release, which typically pressures the underlying commodity. While the broader market ended lower, XLE demonstrated clear relative strength, likely supported by renewed interest in energy sector rotation strategies.

Support: $55.56
Resistance: $57.00
Earnings

March 10, 2026

Tuesday

Open
$56.05
Close
$55.61
-0.79%
πŸŒ…

Morning Note

2:15 PM

Sentiment
+50

XLE Tracks Oil Prices Lower on Geopolitical De-escalation

The Energy Select Sector SPDR Fund (XLE) enters the session flat, consolidating near $56.33. Prices are reacting to reports of a potential resolution to the Iran conflict, which has pressured crude oil futures. As the stock trades well below its 200-day SMA of $76.97, the technical trend remains bearish; investors will be watching for a decisive break from the current range as macro sentiment shifts toward de-escalation.

Support: $55.00
Resistance: $58.50
Earnings
β˜€οΈ

Mid-Day Check

5:15 PM

Sentiment
+20

XLE Struggles for Direction as Oil Prices Ease

The Energy Select Sector SPDR Fund (XLE) is marginally higher by 0.29%, showing relative weakness against the SPY's 0.61% gain. Sentiment is tempered by reports that oil prices are retreating following updates on the Iran conflict, potentially signaling an end to regional tensions. With the price hovering near the $56.20 pivot, bulls need to reclaim the $56.50 level to regain momentum, while the 200-day SMA at $76.97 remains a distant long-term resistance.

Support: $55.50
Resistance: $56.50
Earnings
πŸŒ‡

Closing Recap

9:15 PM

Sentiment
+20

XLE Edges Higher on Geopolitical De-escalation Hopes

Despite broader market stagnation, the Energy Select Sector SPDR Fund (XLE) managed a modest 0.29% gain. The session was defined by reactions to cooling rhetoric surrounding the Iran conflict, which capped potential oil-linked upside. XLE showed relative strength against the nearly flat SPY, though it remains well below its 200-day SMA of $76.97, suggesting the long-term trend remains pressured.

Support: $55.50
Resistance: $56.50
Earnings

March 9, 2026

Monday

Open
$56.84
Close
$56.33
-0.91%
πŸŒ…

Morning Note

2:15 PM

Sentiment
-80

Energy Sector Braces for Geopolitical Volatility

The Energy Select Sector SPDR Fund (XLE) is positioned for high volatility as markets react to the escalating conflict between Iran and regional powers. While the price remains flat in pre-market, news of a potential strategic oil reserve release by the G7 and significant supply disruptions in the Strait of Hormuz are driving oil prices sharply higher. Traders should monitor $56.50 as a key pivot point; a breakdown here could trigger technical selling despite the bullish fundamental backdrop of supply constraints.

Support: $55.00
Resistance: $60.00
Earnings
β˜€οΈ

Mid-Day Check

5:15 PM

Sentiment
-70

XLE Underperforms Amid Geopolitical Volatility

The Energy Select Sector SPDR Fund (XLE) is trading lower by 0.26% despite a broader market rally. While oil prices have surged 20% on concerns regarding the Iran conflict, XLE is failing to capitalize, potentially pressured by reports of G7 strategic reserve releases meant to curb energy inflation. With the stock trading significantly below its 200-day moving average of $77.10, the current price action reflects lingering supply chain anxiety over fundamentals.

Support: $56.27
Resistance: $56.87
Earnings
πŸŒ‡

Closing Recap

9:15 PM

Sentiment
-60

XLE Fails to Rally Despite Oil Surge

Energy Select Sector SPDR (XLE) finished the session down 0.23%, showing significant relative weakness against a broader market rally. Despite reports of a 20% surge in oil prices due to the escalating Iran conflict, the sector struggled as markets priced in the potential for G7 strategic reserve releases to dampen supply-side inflation. XLE continues to trade well below its 200-day SMA, indicating a persistent long-term downtrend despite the geopolitical volatility.

Support: $56.27
Resistance: $56.87
Earnings

March 6, 2026

Friday

Open
$57.05
Close
$56.55
-0.87%
πŸŒ…

Morning Note

2:15 PM

Sentiment
-40

XLE Eyes Geopolitical Headwinds

Shares of XLE are opening flat at $56.51 as traders weigh the implications of the ongoing Iran conflict on energy pricing. While price action remains tight in pre-market, the uncertainty surrounding energy supplies serves as a primary macro headwind. The index continues to trade significantly below its 200-day SMA of $77.22, signaling a bearish long-term technical trend despite the recent geopolitical narrative.

Support: $55.00
Resistance: $58.50
Macro
β˜€οΈ

Mid-Day Check

5:15 PM

Sentiment
+20

XLE Displays Relative Strength Amid Broader Selloff

The Energy Select Sector SPDR Fund (XLE) is showing resilience today, down only 0.26% while the SPY has retreated 1.08%. In the absence of sector-specific news, XLE is benefiting from its position as a defensive hedge against the broader market weakness. It continues to hold well above its recent consolidation levels despite the underlying macro volatility.

Support: $55.00
Resistance: $57.50
Macro
πŸŒ‡

Closing Recap

9:15 PM

Sentiment
+20

XLE Defends Support Amid Market Selloff

The Energy Select Sector SPDR Fund (XLE) showed notable relative strength during today's session, sliding only 0.26% while the broader S&P 500 dropped 1.34%. With no specific catalysts, the outperformance suggests defensive positioning in energy assets. The stock remains significantly below its 200-day SMA, indicating a persistent long-term downtrend despite today's resilient performance.

Support: $55.00
Resistance: $57.50
Macro

March 5, 2026

Thursday

Open
$56.47
Close
$56.51
+0.06%
πŸŒ…

Morning Note

2:18 PM

Sentiment
+30

XLE Edges Up Pre-Market on Chevron Analyst Boost, Lags Broader Market

The Energy Select Sector SPDR Fund (XLE) is showing modest gains in pre-market trading, currently up 0.26% at $56.18. The slight uptick appears to be driven by positive analyst sentiment surrounding one of its major components, Chevron (CVX), after Bank of America issued a 'Very Positive' price target reset for the oil giant for 2026. However, despite this bullish news for a key holding, XLE is demonstrating relative weakness compared to the broader market, as the S&P 500 is trading higher by 0.5%. Investors will be watching whether the energy sector can find stronger momentum once the market officially opens, or if it will continue to underperform.

Earnings
β˜€οΈ

Mid-Day Check

5:18 PM

Sentiment
-10

Energy Sector (XLE) Edges Lower as Iran Tensions Persist

The Energy Select Sector SPDR Fund (XLE) is trading marginally lower by 0.13% at mid-day, currently at $56.40. This slight dip comes as the broader market, represented by SPY, is also down by 0.17%, indicating XLE is showing minor relative strength today. Investors are closely monitoring geopolitical developments, specifically the ongoing Iran conflict, which is being cited as a potential driver for higher gas prices and overall energy market volatility. XLE is consolidating within a tight intraday range, holding above its session low while remaining well below its long-term 200-day simple moving average.

Support: $56.40
Resistance: $56.60
Macro
πŸŒ‡

Closing Recap

9:18 PM

Sentiment
-20

XLE Displays Relative Strength, Closes Modestly Lower on Geopolitical Jitters

The Energy Select Sector SPDR Fund (XLE) ended the trading day down a slight 0.13%, yet managed to show relative strength compared to the broader market, which saw the S&P 500 (SPY) retreat by 0.27%. The energy sector remained in focus today as news regarding the continuing Iran conflict weighed on sentiment for gas prices, as highlighted by a recent report. After opening at $56.47 and trading within a range of $56.45 and $56.63 for much of the session, XLE saw some selling pressure into the close, ultimately settling at $56.18, below its prior daily low. Despite the geopolitical headwinds, the ETF's outperformance of the general market indicates some resilience within the energy complex.

Support: $56.18
Resistance: $56.63
Macro

March 4, 2026

Wednesday

Open
$56.03
Close
$56.18
+0.26%
πŸŒ…

Morning Note

2:17 PM

Sentiment
-70

XLE Gaps Down Pre-Market Amid Heightened Iran Tensions, Shows Relative Weakness

Shares of the Energy Select Sector SPDR Fund (XLE) are poised for a notable gap down at the open, trading lower by 1.48% to $56.53 in pre-market activity. This decline marks significant relative weakness, as the broader S&P 500 is currently up 0.78%. The move in XLE appears to be primarily driven by escalating geopolitical tensions, following reports of a US strike on an Iranian warship off Sri Lanka's coast. While US Treasury Secretary Bessent has asserted that the oil market remains well supplied, and the Iran crisis has historically 'lit up' energy prices, the immediate pre-market reaction in XLE reflects concerns over regional instability and its potential implications for global energy markets.

Macro
β˜€οΈ

Mid-Day Check

5:17 PM

Sentiment
-20

XLE Displays Relative Weakness Amidst Mixed Energy Headlines

The Energy Select Sector SPDR Fund (XLE) is trading down 0.18% mid-day, significantly underperforming the broader S&P 500, which is up 0.65%. While geopolitical tensions, including an alleged US strike on an Iranian warship and the ongoing Iran crisis, typically lend support to energy prices, statements from US Treasury Secretary Bessent indicating a well-supplied oil market appear to be tempering any sustained upward momentum. Adding to the complex picture, Bank of America reset its price target for Chevron, a key XLE component, on a positive note, yet this hasn't been enough to lift the sector. XLE is currently testing new intraday lows below its open, reflecting investor caution despite some underlying supportive fundamental catalysts for crude.

Support: $55.50
Resistance: $56.04
Macro
πŸŒ‡

Closing Recap

9:18 PM

Sentiment
-20

XLE Fades Marginally, Underperforms Amid Geopolitical Tensions

The Energy Select Sector SPDR Fund (XLE) finished the session marginally lower, shedding 0.18% to close at $55.94. This represented a notable underperformance against a rallying S&P 500, which gained 0.56% on the day. The slight dip in XLE comes as geopolitical events took center stage, with reports of a US strike on an Iranian warship creating uncertainty in the oil markets. While there was some counterbalancing news, including an analyst price target reset for Chevron (a major component) and reassurances from Treasury Secretary Bessent about oil market supply, the broader macro and geopolitical landscape appeared to temper enthusiasm in the energy sector today.

Support: $56.04
Resistance: $56.21
Macro

March 3, 2026

Tuesday

Open
$57.38
Close
$56.53
-1.48%
πŸŒ…

Morning Note

2:17 PM

Sentiment
+90

XLE Gaps Up, Showing Significant Relative Strength in Pre-Market Trading

The Energy Select Sector SPDR Fund (XLE) is demonstrating substantial strength in pre-market trading, gapping up and currently trading higher by 3.62% at $57.03. This move is particularly notable as it occurs against a backdrop of the broader market (SPY) showing a slight decline of 0.21%. With no specific high-impact news emerging for XLE or the broader energy sector overnight, today's sharp advance appears to be driven by technical momentum and a strong bullish sentiment shift towards the energy complex, outperforming the market significantly. Traders will be watching to see if XLE can maintain these gains as the market opens, with the initial open price of $55.04 potentially serving as a key support level.

Support: $55.04
Resistance: $58.50
Technical
β˜€οΈ

Mid-Day Check

5:17 PM

Sentiment
+10

XLE Holds Modest Gains, Lags Broader Market

Shares of the Energy Select Sector SPDR Fund (XLE) are trading with modest positive momentum mid-day, currently up 0.2% at $57.50. Despite the slight advance, XLE is showing relative weakness compared to the broader market, which sees the S&P 500 (SPY) up 0.32%. With no high-impact company or sector-specific news today, the fund's price action appears to be largely influenced by broader market sentiment, albeit with less participation in the upside. XLE continues to trade significantly below its 200-day simple moving average of $77.59, indicating persistent long-term technical headwinds. Intraday trading has seen a tight range between $57.35 and $57.53.

Support: $57.35
Resistance: $57.53
Macro
πŸŒ‡

Closing Recap

9:16 PM

Sentiment
-70

XLE Fades Lower, Underperforms Bullish Market

The Energy Select Sector SPDR Fund (XLE) closed the session lower, finishing down approximately 0.62% at $57.03. This marked a period of significant relative weakness, as the broader S&P 500 gained 0.76% for the day. XLE opened higher at $57.38 and briefly touched a high of $57.53 before steadily fading throughout the session, indicating a lack of conviction from buyers. With no direct high-impact news on the primary ticker or the energy sector, today's move appears technically driven, highlighting the ETF's inability to hold early gains amidst a positive broader market. The MACD line also suggests a bearish momentum as it sits below its signal line.

Support: $57.00
Resistance: $57.53
Technical