MoneyShow Chart of the Day 6/16/25: After Attacks, What's Next for Energy Stocks?

Given the surge in oil prices that followed the strikes, it’s only logical for traders to ask: “What’s next for energy stocks?”

Check out this MoneyShow Chart of the Day. It shows the performance of the Energy Select Sector SPDR Fund

Data by YCharts

You can see that over the longer term, there hasn’t been much performance to speak of. The energy conglomerates that dominate XLE – like Exxon Mobil Corp. (XOM) and ConocoPhilips (COP) – haven’t gained much...or lost value...in the past year.

The same goes for energy services firms like Schlumberger Ltd. (SLB) and refiners like Valero Energy Corp. (VLO) that are in XLE.

But the XLE DID experience a high-volume washout in April during the tariff-driven turmoil. It made a series of higher lows since then, even before the Israeli strikes. Then it attempted a high-volume break above gap resistance – and the 200-day moving average – on Friday.

I don’t know how this latest Middle East conflict will unfold. But if I didn’t see the news at all – and just looked at this chart – I’d say we could have a serious trend reversal underway.

I’d watch for a couple days to see if the breakout holds. And if so, I’d be ready to buy.

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Please note: This is syndicated content and reflects the author’s personal views. It does not represent the opinions of this publication or its affiliates. The article is for informational purposes only and does not constitute investment advice. Always consult a registered financial professional before making any investment decisions.