Ask MAX: Does MAX like the Energy Select SPDR?

…We’re negative on XLE, the Energy Select Sector SPDR exchange traded fund (ticker: XLE), short and long term. In our MAXadvisor Powerfund Portfolios we currently have a negative outlook on natural resource funds in general. Specifically, we

We recommended a global energy ETF (iShares S&P Global Energy Sector Index Fund -IXC) in the MAXadvisor Mutual Fund Hotsheet for 2004, but have since lowered our outlook on the entire sector to negative. While we bailed out a little too early, signs abound that energy stocks will underperform the broad stock market over at least the next three years