Dec 30 (Reuters) - A bullish technical signal was being
given by the S&P 500 energy sector .SPNY on Wednesday, when
the 50-day moving average for the industry index rose above the
200-day moving average, forming what chartists label a "golden
cross."
While the index is up 4.6% in December, it remains on track
for the biggest yearly collapse on record and it is the worst
performing of the 11 S&P 500 industry sectors. It is down almost
38% year to date with one trading session left in 2020.
The benchmark S&P 500 .SPX index is up 3.2% for December
and 15.7% for the year.