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.
You need to be a member of StockBuz to add comments!
You can't use this site and its products or services without agreeing to the terms and conditions and privacy policy.
Pardon our dust as this page is undergoing a facelift. Please report any difficulties you may experience during this phase. Contact us
You're welcome to add new charts and photos using the "Add" button found at the top/right.
- Be certain to give each a TITLE
- Select a category that best fits
- Select more than one category by holding down the "CTRL" key when selecting the second or third category.
- Add "tags" which best describe your chart so it can be located by search engines. (ex. Apple stock, AAPL, long trade)
- Since we don't charge for our trade ideas, please pay with a Tweet
Comments