One of my positions is long September XLU puts. Utilities have been more robust than I’d like to see, but I will say that the failure of the horizontal breakout is encouraging.
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One of my positions is long September XLU puts. Utilities have been more robust than I’d like to see, but I will say that the failure of the horizontal breakout (the dashed line below) is encouraging, on top of the fact that at no time did prices break above the descending trendline.
Here is a longer-term view of the XLU ETF itself, with the dashed line in this case representing my stop-loss level.
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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
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