Select Sector SPDR-Energy (AMEX: XLE) Moving Higher Says Market Timer Frank Kollar

August 22, 2006 (FinancialWire) (By Frank Kollar)

Exchange-traded fund Select Sector SPDR-Energy (AMEX: XLE) sold off last week as tensions in the mid east eased and oil prices declined. But prices never declined below support, and today’s advance places Select Energy back above $57.60, which was a bullish indicator when it was first, surpassed several weeks ago.

Exchange-traded fund Select Energy holdings primarily develop and produce crude oil and natural gas, and provide drilling and other energy-related services. Leaders in the group include ExxonMobil Corp (NYSE: XOM) and Chevron Corp (NYSE: CVX)

Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

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