Energy continues to be the place to be this week. As the chart shows, Energy and the S&P continue to diverge in price. Energy ETF $XLE outperformed the S&P by over 5% on Tuesday. Breadth in this sector is the best with 71% of stocks above their 20 day moving average, 78% above the 50 day, and 76% above their 200 day moving average. The next closest sector in short term breadth is financials with only 29% above their 20 day moving average.