With a recent spike in long-term US Government bond yields, XLU is similarly oversold. I'm looking for it to regain its trend support above $54.15 once bond yields mean-revert, which has taken 3-5 days in the last 5 such cycles this year. To enter this trade, I would wait for a bounce off of the most recent bottom around $52.64 as confirmation.
Host Hotels and Resorts is riding bullish fundamentals and has entered into a bullish symmetrical triangle from a lower price level. A realistic price target into February is in the area of $21.40, which is a roughly 8% gain from current levels.
DPZ has declining business fundamentals and sees a rising wedge set-up, which is bearish, coming down from a higher level. We'll see one of two potential price targets to the downside coming out of the wedge (see chart), based upon previous levels of support.
The Gold chart is setting up in a Bearish Triangle pattern. US 10 Year Treasury rates are looking oversold, which should mean that real rates are about to rise. Looking for a move down to the $1245/oz area.