Energy Select Sector SPDR (XLE) has been the best-performing sector ETF the past three weeks as the fund tries to break out to its highest level since 2008.
XLE traded as high as $80.98 a share on Tuesday, or a penny higher than the post-crisis high of $80.97 set in March 2011.
Since April 16, the energy fund is up 5.6% to lead the nine Select Sector SPDR ETFs, according to StockCharts.
Other cyclical sectors such as materials and technology have been leading the market since mid-April, while defensive ETFs such as consumer staples and utilities are lagging the S&P 500. [Some Sector ETF Charts Pointing to a Cyclical Rotation]
Energy Select Sector SPDR