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Folks, the Power Gauge is telling us to rethink the energy sector... When we mention the word "energy," most investors typically think about oil and gas prices. From there, their focus moves on to oil and gas producers.

The Energy Sector Is Veering Off Script By Marc Gerstein, director of research, Chaikin Analytics Folks, the Power Gauge is telling us to rethink the energy sector... When we mention the word "energy," most investors typically think about oil and gas prices. From there, their focus moves on to oil and gas producers. But the producers don't act alone. They need a lot of help from other types of companies – like oilfield equipment and services businesses. Meanwhile, all oil and gas companies benefit from higher production. But the nature of those benefits can differ... When production increases or decreases, it's easy to track how that helps or hurts producers' revenue. It's not so clear with the oilfield equipment and services companies. So between the two types of companies, oil and gas producers usually lead the way. And the oilfield equipment and services companies are just along for the ride. But as I'll explain today, the energy sector has been veering off script over the past six months. And you'll see that the Power Gauge is now validating this unusual trend... Recommended Links: Bank Collapse Causes Gold Price to Soar Friday's bank collapse sent shockwaves throughout the financial industry... Silicon Valley Bank was the second-largest bank in American history to fail, and investors have started piling into the safety and security of gold. But if you're not taking advantage of a little-known way to invest for around $5 today, you're missing out. Click here for full details. Up 588% in 3 years - and a BUY Today A widely followed analyst is speaking out about one stock in a big way. Get the recommendation 100% free on this page here. The following chart shows the typical relationship between the SPDR S&P Oil & Gas Exploration & Production Fund (XOP) and the SPDR S&P Oil & Gas Equipment & Services Fund (XES). It starts when these two exchange-traded funds' ("ETFs") debuted in 2006... You can clearly see that XOP leads the way most of the time. It regularly trades above XES. And it usually moves up or down before XES. Meanwhile, XES just follows along. That makes sense... As I said earlier, oilfield equipment and services companies' revenue boosts aren't as clear when oil and gas prices rise. So their stocks typically lag behind the producers' stocks. But the chart looks very different over the past six months. As you can see, XES is now in front... These two ETFs also differ a lot in terms of their Power Bar ratios... Remember, our Power Bar ratio compares the number of favorably and unfavorably ranked holdings within an ETF. Here's the current breakdown for XOP and XES... That's a dramatic difference... The production-focused ETF doesn't contain any "bullish" or better stocks right now. On the flip side, the equipment-and-services ETF has eight "bullish" or better opportunities. Put simply, oil and gas producers are hurting. But the companies that service them are significantly stronger. Oil and gas prices have corrected. And production has been soft. In an attempt to protect prices, many producers cut back on drilling. Instead, they're using any surplus cash to pay down debt, buy back stock, and boost their dividends. But oilfield services and equipment companies are still strong. That trend produced this extreme result. The stocks of these companies are soaring past producers' stocks. Keep in mind that oil and gas is an extremely complex business... So we're not simply talking about a play on prices. Political factors and technological changes loom large. And of course, some businesses are dabbling with "green energy." My point is... With so many variables in play, I'll trust the Power Gauge to guide me. Our proprietary system is designed to do all the hard work for everyday investors like us. The Power Gauge prefers oilfield equipment and services companies over oil and gas producers right now. And as we've seen today, the recent trend backs up that idea. I recommend watching this trend closely in the weeks and months ahead. Good investing, Marc Gerstein Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 +1.07% 5 19 6 S&P 500 +1.65% 97 287 115 Nasdaq +2.30% 34 47 19 Small Caps +1.89% 360 1028 500 Bonds -1.64% Communication Services +2.81% 1 14 7 — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks remain somewhat Bearish. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Utilities +1.21% Information Technology +0.39% Staples +0.10% Health Care -0.47% Communication -0.87% Real Estate -1.51% Discretionary -1.69% Industrials -2.61% Materials -3.95% Energy -4.73% Financial -8.01% *  *  *  * Industry Focus Software & Services 60 115 18 Over the past 6 months, the Software & Services subsector (XSW) has underperformed the S&P 500 by -2.19%. However, its Power Bar ratio, which measures future potential, is Very Strong, with more Bullish than Bearish stocks. It is currently ranked #7 of 21 subsectors and has moved up 2 slots over the past week. Top Stocks EEFT Euronet Worldwide, I TDC Teradata Corporation DOMO Domo, Inc. *  *  *  * Top Movers Gainers FRC +26.98% SCHW +9.19% META +7.25% CTLT +7.07% FIS +7.02% Losers UAL -5.37% BXP -4.32% ALK -4.13% CHRW -3.46% GEN -3.17% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close PGR ADBE FIVE, PATH No earnings reporting today. Earnings Surprises LEN Lennar Corporation Q1 $5.02 Beat by $0.12 SMAR Smartsheet Inc. Q4 $-0.01 Beat by $0.14 S SentinelOne, Inc. Q4 $-0.13 Beat by $0.03 *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at diansastroxz.forex@blogger.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2023 Chaikin Analytics, LLC. 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