Mike Khouw breaks down the trade in Exxon.
Over the past couple of weeks, energy stocks have outperformed as investors have moved away from technology, consumer discretionary and, well, everything else. I'll breaking down my market view and then describe a possible trade on a big energy stock into earnings. Market breadth, a crucial concept in stock markets, plays a pivotal role in assessing the strength or weakness of a bull or bear market. It signifies the extent to which multiple stocks are involved in a market trend.
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