ChOTD-4/22/14 SPDR S&P Oil & Gas E&P (XOP): Long-Term Cup-&-Handle Breakout
The SPDR S&P Oil & Gas Exploration & Production ETF ($XOP) has broken out from a long-Term cup-&-handle formation, since 2008:
If the breakout proves legit, it could carry a long way higher over the long-term. In the short-term, a pullback towards the breakout area, should it occur, would provide a good r/r entry for those unwilling to chase it here.