Chat tell us to buy DJUA & is a good signal for shorting Dollar Index!
The Healthcare sector, Utilities sector, and Transportation sector - here represented by the S&P Health Care Index (S5HLTH, in blue), Dow Jones Utility Average ( DJU, in purple), and the Dow Jones Transportation Average (DTX, in orange) - do not usually act as early indicators against the broader market (here represented by the DJIA in gray, and the NASDAQ in...
The Healthcare sector and Utilities sector - here represented by the S&P Health Care Index (S5HLTH, in blue) and Dow Jones Utility Average (DJU, in purple) - do not usually act as early indicators against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... except perhaps for DJU falling from a peak in Jan 2015, and in Dec 2017.
Dow utilities index ended the week at 711. If it breaks above 713 - 38.2 Fib Retracement-, it is likely to test Fib 61.8. We plan to short DJU at Fib 61.8 - 732.02 - Note: Bearish Swan at 729-732