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Energy Sector Breakout Update

|Includes: Baytex Energy Corp. (BTE), CHK, DNR, ERII, GST, HLX, WLL

Alerting followers of strong shift into Energy Sector - especially Independent Oil & Gas

10 of the top 15 Breakout Stocks today are Oil & Gas breakout stocks including many recent picks.

Initial signal is that movement for rapid gains has shifted from Biotech to Oil & Gas for now.

Bullish ETF opportunities include: FENY, XLE, DIG and RYE

Based on very strong momentum breakout signals there is a clear technical move to the upside for Energy stocks in the Independent Oil & Gas sector.  This is illustrated in the Sector ProShares Ultra Oil & Gas ETF DIG below: 

Current breakout stocks from my forecast screener this morning show 10 of 15 stocks in the Oil & Gas sector have triggered a breakout signal.  Many of these stocks are currently and have been previously profiled in the Weekly Breakout forecast articles including: (CHK) (DNR) (BTE) (ERII) (GST) (HLX) (WLL) and others.  

This is an excellent time to consider this sector for continued breakouts.  As the monthly relative performance chart clearly shows, energy has made a move from record lows the past year or more.

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Disclosure: I am/we are long DNR WLL MRNS BTE.