Energy ($XLE) Relative to S&P 500 ($SPY)

The energy sector is looking to breakout of a 2-year consolidation phase. Perhaps 3rd time is a charm. Largest components of XLE include: Exxon Mobil (XOM), Chevron (CVX), EOG Resources (EOG), Schlumberger (SLB), & ConocoPhillips (COP).