I have noted many are seeking out utilities for a bit of stability.
XLU is an ETF slammed packed with utilities. It is a product of the SPDR ETFs.
Cypher which has the 2nd leg retracement pull between the .382 and the ,618 This one appears to have pulled to the ,618. Labeled XABCD and stop is below D somewhere. Peak 2 is higher than peak 1.
This could be safer than individual utility stocks and the dividend is good. Little more reach for the .786 of XC which is where the cypher lands. Patience is a virtue.
No recommendation.
Gap noted on XA which could serve as support.
Yield is 3.18%
Top 10 Holdings
NextEra Energy Inc
18.15%
Duke Energy Corp
7.99%
Southern Co
7.20%
Dominion Energy Inc
6.30%
Exelon Corp
5.60%
American Electric Power Co Inc
4.44%
Sempra Energy
4.19%
Xcel Energy Inc
3.61%
American Water Works Co Inc
3.40%
Public Service Enterprise Group Inc
XLU is an ETF slammed packed with utilities. It is a product of the SPDR ETFs.
Cypher which has the 2nd leg retracement pull between the .382 and the ,618 This one appears to have pulled to the ,618. Labeled XABCD and stop is below D somewhere. Peak 2 is higher than peak 1.
This could be safer than individual utility stocks and the dividend is good. Little more reach for the .786 of XC which is where the cypher lands. Patience is a virtue.
No recommendation.
Gap noted on XA which could serve as support.
Yield is 3.18%
Top 10 Holdings
NextEra Energy Inc
18.15%
Duke Energy Corp
7.99%
Southern Co
7.20%
Dominion Energy Inc
6.30%
Exelon Corp
5.60%
American Electric Power Co Inc
4.44%
Sempra Energy
4.19%
Xcel Energy Inc
3.61%
American Water Works Co Inc
3.40%
Public Service Enterprise Group Inc