XLU has been one of the strongest sectors over the last month on anticipation of no rate hike. It is breaking out but is still developing IMO as the rate hike is still in question moreover it is up against the kumo cloud on the weekly. Resistance area is my target
Comments
paulyberndt
⋅
XLU has been the strongest sector over the last month and week and is rated very high technically best of the sectors over at Stockcharts
timwest
⋅
It is trading along with US Gov't Obligations like TLT too. Flight to safety investing perhaps.
paulyberndt
⋅
yes XLP also strong
IvanLabrie
⋅
nice!
paulyberndt
⋅
sometimes the trades you think wont work also turn out to be your best LOL will see