Boring is better in a recession. Fed Chair reaffirmed his steely resolve to fight inflation. In short, he wants to break the back of inflation "at any cost" to subdue it down to Fed’s target of 2%. Soft-landing is desired. But overcorrection to fend off sticky inflation could tip soft-landing into a hard one. In a recession, economic activities shrink resulting...
Big upwards explosive until end of 2023, early 2024 before a big crash. We'll see!
Utilities have been struggling in the face of higher rates. What looked like a breakout sector weeks ago, is now looking like a breakdown sector. This could suggest higher rates which typically puts pressure on this sector.
The XLU/XLY Ratio (upper chart) is reaching a measured move target. Bottom chart is the SPX. Correlation between these charts are straight forward negative. You see it in the blue area indicator at the bottonm. Means when one goes up the other one goes down. The XLU/XLY ratio is in a downtrend and is going to hit a potential tunring point area. Are we...
When the XLU outperforms the broad market, you better be taking note as an investor or trader. What does it mean when Utilities outperform the S&P500? The better question to ask is why do people buy Utilities? We have informed our members of this important signal and why its critical to understand this price action. A hint, most investors buy Utilities for...
Possible stop under C or where you see support. Target is D. Pattern will usually reverse when D is met. Most would call this a defensive play. NextEra Energy Inc 15.57% Southern Co 7.67% Duke Energy Corp 7.48% Sempra Energy 4.81% American Electric Power Co Inc 4.77% Dominion Energy Inc 4.73% Exelon Corp 4.25% Xcel Energy Inc 3.78% Consolidated Edison...
My idea is on the chart. Winter hearing season is still in effect. Utility regulators are pressured to recognise the effects of inflation on the business costs of utility companies. The progressives fight big coal . The beat goes on.
This time is truly different as XLU is not the defensive stock as one would expect. Lower lows and lower highs with a declining MACD = more downside pain especially when the dividend yield of 3% pales in comparison to US2yr bills at c.4.6%.
Trend break to the downside and forming a bear flag instead of a retest of previous support. Monthly lower high set. Bearish crossover on the MACD. And rolling blackouts across the nation as a massive freezing snowstorm forces people to use heaters indoors. Short.
I'm not sure what kind of chart pattern you would call this, but the $XLU seems to oscillate between these upper and lower ranges pretty consistently. But why? It's like some game the institutional trader play
The utilities sector is a great defensive play in the equity markets right now. The trend is your friend and in this case the trend is upward. Utilities have cleared through resistance and are setting up to make new highs. This is a buy.
Utilities Select Sector SPDR Fund is doing just fine! Looks like it will continue to rise to hit a new ATH late 2023. Compare what is happening now to the last 2 recessions. Completely different! This is a great indicator for market performance. IDEA from Henrik Zeberg twitter.com
Order BUY XLU ARCA Stop 68.04 LMT 68.04 will be automatically canceled at 20230401 01:00:00 EST XLU daily bullish hammer stop loss below, take profit at 50% Fibonacci retracement ow wave 3 downtrend. Countertrend quickie.
A beautiful, self explainatory chart. I have started a long position based on this weekly trendline (orange) being hit with high velocity, expecting a decent bounce. Disclaimer : Educational idea only. Not a financial advice. Consult your CFA for financial advice.
$XLU is showing a potential 2-2 reversal to the downside on the quarterly chart. Because of this, I will try to find actionable signals on Utility stocks.
We are at all time highs with XLU, should've entered at long day bearish candle pull back, but clearing this bearish hammer and locking all this buyers is good enough with me. Not much in our way till MA 100.
The overly optimistic approach to choose utilities as the recession hedge didn't have too much grounds. Profits are falling, recession is priced in. Sector is not going much higher before coming back to reality
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.