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Utilities Now Deeply Oversold

XLU is now oversold both on the daily and weekly chart and Stoch wasn't even able to get below 20 this last swing; telling me there are buyers at this level. I would get long 1/2 size, add if it tests support and stop out as marked.  The problem is interest rates.  If rates continue to rise, REITS and utilities will continue to fall.  If they chop sideways, you'll be able to scalp back-n-forth.

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