There’s a Trade Developing in Energy Stocks You Should ‘Attack’ Now, Says Jay Woods

Jay Woods, chief market strategist at Freedom Markets, says the pullback in energy stocks creates an opportunity to attack immediately. With Brent crude falling below $90 and the State Street Energy Select SPDR Energy ETF (XLE) oversold, he anticipates a bounce. He highlights the potential for a rebound in Exxon and Chevron, along with an update on his recent ConocoPhillips call. He says the energy sector is beginning to stabilize, with downside risk limited relative to the potential upside over the coming days and weeks.

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