This is bad juju as the NYSE is the broadest market index. If this goes we could be in for a very bad Crash Stocks. This chart coincides with one of my latest posts XLU. Click to read more why such a boring ETF matters right now.
XLU $XLU Initial Long. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal. Entry reasons: XLU is showing momentum and confluence of mean reversion crossing up the 70 day price mean. Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
The chart above is a weekly chart of the entire price history of the PHLX Utility Sector (UTY). (The PHLX part of the name is just an historical reference to the Philadelphia Stock Exchange, which is now part of the Nasdaq.) I chose this specific ticker over other utility tickers like XLU or VPU because it provides more historical data and therefore a more...
We have ended Wave 4 of major wave 5 of 5 o5 long term scale see channel long term This would mean and confirm that the 40 year Bull market in US debt is going to have some major issues . If I were a long term holder I would raise a stop and sell calls as well . this trend looks like and END is near
First bull candle closing below the 10 ema. XLU made a new all time high. Attempting to sell high, buy low.
OCT is going to be like a raging storm or forest fire . run as far as you can there is No place to Hide outside of Cash and the US $ . 90% plus of investor and above 90 % of TRADERS have not lived thru a BEAR MARKET BUT THEY WILL The FED MANDATE as to inflation the spread is at 600 basis they will be happy if they can get it to 200 and...
We now have a major SELL SIGNAL in place as we hot the top of a major cycle . if you think there is any place to hide it is only one place CASH and the US $
No place to hide as the deflation cycle in ALL ASSETS is a long way from the LOW. this is a very dirty four letter word But I will be in it for the most part till unemployment is above 6.2/6.5 that C A S H
SPDR Select Sector Fund - Utilities ( AMEX:XLU ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- Current Price: $74.25 Breakout price: $77.20 Buy Zone (Top/Bottom Range): $74.05-$71.25 Price Target: $76.60-$77.30 (1st), $82.60-$84.10 (2nd) Estimated Duration to Target: 24-25d (1st), 109-114d (2nd) Contract of Interest: $XLU...
Looking for a bounce off the bottom of that ascending channel. Long term bullish if bounce off the bottom happens. Coming into earnings
Not the most exciting sector, but it has been known to move. Worth watching at these levels.
It is time to go defensive again. ISM PMI declining from expansion, historical high percentiles of distribution. US10Y going down together with ISM. Long Utilities as defensive sector, short IWM small-caps high-beta assets. Best,
The long-term stock market trend unquestionably continues to be an upward one. However, there are seasonal and other factors (such as market breadth, etc) that may be pointing towards a potential pause or reversal. Since no single indicator is fool-proof, a "weight of the evidence" approach is always warranted. Such an approach ideally includes a variety of...
XLU went strong bearish. I love to add this to short side of my portfolio, but my broker doesn't unfortunately allow it. Then why do I track it? well, The code tracks sectors and ETFs to give a current weather of the market. From what I can see so far, we are headed to another liquidity rush. Where, Equities make new all time highs. If you can add it to the short...
Energy (XLE) topped the sector list this week after the OPEC Monthly Report on Monday projected that demand for oil would exceed pre-pandemic levels by next year. The sector also got a boost from Crude Oil Inventories data released on Wednesday that showed much higher demand than expected. Consumer Discretionary (XLY) moved into second place after great Retail...
All sectors declined this week as the S&P 500 pulled back from all-time highs. Consumer Discretionary (XLY) was poised to end the week with gains before losing those gains in Friday afternoon selling. Real Estate (XLRE) was the worst-performing sector of the week after outperforming the market in the previous week. The sector erased all of last week's 4% gain as...
A mix of growth and cyclical sectors topped the list this week. Defensive s all sectors declined for the week after topping the sector list last week. Energy (XLE) held the lead among sectors for the entire week, despite a pullback on Thursday. The sector completely recovered from last week's decline and marked a higher high this week. All of the cyclical and...
Defensive sectors led throughout this week as the Market absorbed data that showed a slowing economic recovery and meeting minutes from the Fed that indicated tapering could begin this year. Utilities (XLU) and Health Care (XLV) exchanged the lead several times, and the finish was close. Utilities came out on top as a favorite place for investors to keep money...