The energy stocks topped on the week of December 16, 2016.  It has not been participating the rally at all.  We recommend our readers to stay away from the sector.  When the economy turns around that will lead to more activities in materials and industrial sectors, in turn it will drive up the demand for energy.  The rise of energy demand is in later cycle than the materials and industrial cycles.  The XLE weekly chart shows the price is on its down move to test the lower channel. Stay tuned.