[isatrader]

The energy sector is coming back to life again recently, after the monster multi 100%+ short covering rallies at the beginning of the year for a lot of stocks in the sector, ending their multi year Stage 4 declines. A large number then began to form constructive Stage 1 ranges, and we are now beginning to see a number of Stage 2A breakouts, and on heavy volume in some cases. The Exploration & Production subsector has seen a number of these heavy volume breakouts of which I've been highlighting, and there could be more, as money seems to be flowing into energy imo. So is definitely an area to watch if you are using Weinstein's "Forest for the Trees" rules imo. As it is a strengthening sector with multiple stocks in Stages 1 and early in Stage 2.

Anyway, I'll let you do your own research to see if you agree, but here's a few more for the watchlist from the Exploration & Production subsector - MPET (Stage 2A), PXD (Early Stage 2 consolidation), PWE (Stage 1B - Potential for a Stage 2A breakout attempt)