Utilities and Real Estate sectors (XLU XLRE) both are down big on an up day for the overall market which is a signal that portfolio managers are rotating out of "safe" stocks and into "risk" stocks. Utilities chart looks like it is about to break below the 50 day after hitting all time highs at the 1.618 fib extension. What I like about shorting Utilities is that they sell off big for a few days in a row when they break down.
Trade active:
Breaking below 50 MA. Looking for sub 62.
Comment:
Trade closed: target reached:
WHO MADE BIG MONEY ON CHEAP XLU PUTS!!!