Accroding to my ETF Ranking, XLE is still the top ranked offensive SPDR sector ETF and the sector rank spread even expanded a little bit this week. But Barron's today reported that Morgan Stanley suggested to cut energy because
We shall see whether XLE can make another week in the face of influential downgrade. Just in case you are insterested, XLF is still the bottom ranked sector ETF.The energy sector is now trading at 2.4 times book value, up from 1.5 times last fall. When risk aversion grows, investors should generally reduce their exposure to oil as an asset class, Parker contends.
Read more on ETF Ranking and Fundamental Ranking on my blog: http://trustamind.blogspot.com/