SELECT SECTOR SPDR TRUST AMEX UTILITIES SELECT INDEX AMEX:​XLU

Bear Case: *Forming H&S *Massive RSI Divergence Bull Case: *China *** Looks like XLU might look to form a H&S, but based on how heavily the RSI has dropped, it might not even bother and just drop. In either case, Short the top of the Right Shoulder or a break of the neckline .... Let's talk about it! ***

I believe we are going to get more very bullish days in the near future. XLF/XLU tracing out a pattern similar to early 2018 imho

Think we could really melt down in XLU shortly, and that would result in a bit squeeze of indices like in 2018. Just hypothesis currently

Longs at Weekly Demand Zones

Utes gonna bounce?

XLU has broken trend line

this trade is for next 1-2months and I'm targeting at around 2% correction MCClellan Summation Index was over 2k

With the market exploding upward since the end of Dec with V bottom and look at which sector is ready to go to all time highs. I'm guess most traders don't see interest rates going up any time soon.

Nearing the end of this rising wedge, XLU daily candles last week are struggling to make any new highs. MACD curling down. This looks like a good short opportunity.

At minimum, XLU looks to be ready to pull back. IF XLU is making the (b) wave, then (c) wave will take it all the way down. Either way, it's prudent to take profit and step aside.

Dividend payers within the Utilities sector are outperforming the S&P after its fall from grace due to the PG&E bankruptcy.

Expecting to go to 53 before declining down

Utilities always take a hit with rising interest rates. Here we are in a downtrend and a wedge triangle forms and cannot get past long-term support which has now become resistance. Targets at both at recent low for a quick two pints and then at next LT support and Fib extension at 48.58, for another ~ 2-3 points

short at 52.09

XLU has formed a double top. Utilities have been a flight to some degree of less risk. However Looking back to 2008 and 2000 utilities were hit just like most other equities. I believe that utilities are going to be hit again within the next year. * This information is not a recommendation to buy or sell. It is to be used for educational purposes only.

The XLU (Utilities ETF) is a well-known defensive (succeeds in troubled economies, you have to buy their product) and has a very clear channel. My trade enters at the bottom of the channel and so allows for further market weakness. The price only matched the previous top last time, so I am playing safe with that top as a target, rather than going to the top of the channel.

XLU, the SPDR Utility Sector is well-known, high div paying defensive, and has not broken support like SPY as a whole. Let's play safe with a 1.6:1 trade, with stop below the lower tramline and target the confluence high of the bullish and moderate cases, as shown by the regular and dotted lines. Aggressive traders could set the stop at 53.75, reflecting the...

It looks like we now have a double top so there is now no where to hide what is coming other that the 10 year or cash going into 2019