XLE ‘buyer’s remorse’, loses post-Trump election gains

There is a distinct bearish divergence between XLE (Energy Select Sector SPDR  ETF) and WTI. XLE has completely reversed it’s post-Trump election gains and is now in the red.

XLE (top), USOIL (bottom); XLE loses all gains since 08 November 2016

XLE (top), USOIL (bottom); XLE loses all gains since 08 November 2016

In this chart, their positive correlation.

XLE, USOIL (WTI) overlay

XLE, USOIL (WTI) overlay

 

Buyer’s remorse according to Wikipedia

Buyer’s remorse (or buyer’s regret) is the sense of regret after having made a purchase. It is frequently associated with the purchase of an expensive item such as a car or a house. It may stem from fear of making the wrong choice, guilt over extravagance, or a suspicion of having been overly influenced by the seller.

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Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005.   Soh's Twitter account @sohtionghum was ranked #23 out of The Top 70 Twitter Accounts To Follow In 2015 by MahiFX.   Disclaimer notice: "I do not have a financial advisor's license. I am not qualified by any regulator to give financial advice. I do not know you the reader. Your investment means and motive may be different from me. My posts here are based on observations and meant for education. I am not responsible for for any consequence from your actions."
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