Traders,

Survey all sectors, and do you know what you’ll find? Energy is on another planet. While every one of its peers is plumbing the depths, the energy sector ETF (XLE) is breaking out. Indeed, XLE is now a stone’s throw from this year’s peak.

Most impressively, the latest rally has come even as oil prices fell from $93 to below $83. The divergence betrayed how in-demand oil companies are these days. And why shouldn’t they be? They’re gushing with profits even as the rest of the land struggles under the psychological weight of a looming recession.

It’s earnings season, and investors are about to be reminded that the oil stock bull is built on robust cash flow and sound fundamentals.

Video Of The Day: Jedi Options – Earnings and Volatility (a case study on #Netflix)

In today’s Jedi Options, Coach Tyler explains Earnings and Volatility for #optionstrading using a case study on Netflix ($NFLX).

Chart of the Day: Energy Sector (XLE)

With this morning’s jump, XLE has broken the neckline of its inverted head and shoulders pattern.

Today’s line up

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