timwest
Short

Utilities Select Sector SPDR XLU Daily Rally Has Reached ....

AMEX:XLU   SPDR SELECT SECTOR FUND - UTILITIES
217 2 4
Utilities have had a strong 17% rally from the January low as investors have piled into the sector chasing attractive yields relative to T-Bonds. Investors have also been getting out of high flyers and getting into basic industries like oil             companies and utilities. Now the odds are stacked against XLU             here with downside support 5% away and upside potential only another 2% above current levels. It looks like it is time to exit any longs or sell call options against positions, at the money. If shorting, 44             .5 stop loss, 41.10 target. 43.14 last.
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Touched support target this week on Tuesday. Excellent.
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2.5% profit ($1.12 profit) on the short here from $43.14 entry. So far.
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