Invezted
Short

Markets ready for a short ?

AMEX:XLU   UTILITIES SELECT SECTOR SPDR FUND
71 0 3
The overal market is weakening and approaching a riskwise interresting level to participate in a potential leg down
with:

->the sp500             approaching the supplyline of a pot. downchannel
->xly approaching its resistance
->xlp on a break of the demandline , retesing the broken resistance
->xle trading at its supplyline
->xlf forming a pot. lower high
->xlv struggeling gaining new grounds to the upside
->xlk trading near its resistance
->xlu trading near its resistance

riskwise shorting the sectors close to its resistance like XLU             , XLK            
and the sectors at their supplylines like XLE             would be the best bet...

especially XLE             which is the weakest sector of them all , would be a good candidate to participate in a short play





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