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Xlulong

A MAJOR BOTTOM is now setting up 54 handle or the alt 51 BUYING The chart posted is the of the XLU we had a very clear 5 waves up from oct 2002 and we are nearing the long term trendline 21 yrs long and a .382 retracement . it has dropped in the form of an abc decline and a triangle to form wave X or B I tend to view it as an X since the peak on july 26th it has a classic ABC decline and it is now 70.2 days long most panics take 55/62 days and in 1929 lasted 72 days and the bulk of the panic the damage was in 8 to 13 td we made the low so far on day 13 .I am now in calls net long at 90 % in the money mid spring 2024 and will move to 100 % if we make ANY NEW LOWS
AMEX:XLU
by wavetimer
ROTATION FROM 'GROWTH' TO 'DEFENSIVE' OVER LAST 10 DAYSCHART DISPLAYS LAST 30 DAYS Utilities ($XLU) outperforming the broader market as represented by ($SPY) and growth oriented, tech based, sub-sector ($XLK) over the last 30 days. This has a correlation with an increased 'potential' for instances of heightened, near term (2 to 4 weeks) market volatility. During the recent selloff we can see that the 'bids' did not push the broader market as represented by ($SPY) or the S&P 500 tech sector ($XLK) back over its pre-selloff top. On the other hand, the market did buy the utilities (XLU) back up over its respective, pre-selloff top. (see yellow horizontal lines) So utilities stay bid while tech and the broader market begin to falter. In my opinion this is what a rotation out of 'growth' ($XLK) from the last 6 weeks and into 'defensives'($XLU) looks like from a price structure perspective. I would interpret this as an expression of 'risk off' market sentiment going into 2023. (NOT FINANCIAL ADVICE)
AMEX:XLK
by The_Firewalker
Banks vs Utilities Holding UpUpdates coming from the previous "Banks Look Cheap vs Utilities" chart. For those who don't remember here are the flows we have been tracking: Now it is clear US 10-year Yields are starting to withdraw again, although this time Banks vs Utilities are less affected. I have been talking with clients recently around this space and there is broadly no concern. Valuations in Banks remain supportive and as long as the trend remains in tact there is little to concern, however as we enter into a weaker than expected end of year outlook for US Equities I am updating the Outlook: Outlooks changed from Buy to Neutral, any weakness in banks is actionable in my opinion. As always keep the comments and questions coming, please like if the ideas are helping and any feedback is welcomed! Thanks
AMEX:KBE
by ridethepig
XLU rises after consolidation periodsUtilities are defensive and traditionally do well in summer, when risk stocks suffer from ‘Sell in May’. In the last six consolidations, which often start around May, the price moves up after the consolidation ends. Overall, the ETF has followed a clear parallel channel for four years now, and it is affected much less by macro events. Each consolidation has been followed by a rise of around 6.7% so an entry at 58 (.30 below current), with a stop of 56.50 (below the consolidation low and the lower current channel (in red, I have treated Xmas 2018 as an outlier), and a target of 62.50 (where the upper channel will be on Oct 31, traditionally the end of the summer season neatly gives a 3:1 trade to run for six months. Not the most exciting of trades, but safer than most.
AMEX:XLULong
by adatherton