Re: Too late to buy energy ETFs?
With the history on this particular ETF, it's currently trading over its 52-week high, and looking at performance, you're buying it over it's resistance level (the level at which a stock stops increasing). With a chart pattern like this, I'd tend to think it's overvalued and due for a correction. All of the energy ETF's are behaving this way currently, so if you MUST add an energy ETF to your portfolio NOW, and you're going to have to buy overvalued securities, look at XLU, where your dollars will go further...
All of the Energy ETF's (XLE, VDE, IXC, IGE, IYE) are charting the same, so get some bang for your buck out of the less expensive shares.
JMHO.
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