Week 20 Energy Trending and Performance

The S&P 500 closed at its year-to-date high today. The Energy sector overall still remains in the doldrums though. The only bright stop is Lithium stocks LIT which turned short-term bullish and is showing promise.

Trending Heat Map

Big Oil is trying to come back but seems to be linked to the price of oil which remains weak.

Performance

Nothing much to say here other than the fact that much of the gains from 2022 in the energy sector have been wiped out this year. The trending is very poor and almost everything other than clean energy in May is losing money. I will take a look at ICLN and LIT carefully whether there is meaningful upside in them. But otherwise, I will track but not trade.