As brent crude drops below $90 and energy stocks pull back, there’s a trade developing in the space that you should “attack right now,” said investor Jay Woods. The chief market strategist of Freedom Markets describes in the video above the case for an oversold bounce in the State Street Energy Select SPDR ETF (XLE) . XLE YTD mountain SPDR Select Energy ETF (XLE), YTD Woods also talks: Playing an Exxon and Chevron rebound An update to his recent ConocoPhillips call The bottom line for energy right now is that it’s starting to stabilize and “downside risk [is] limited versus a potential upside reward over the coming days and weeks.”
