Buy Utilities?

I guess the post title says it all – – – to explain, XLU has been clobbered lately, but it is tagging its very long-term trendline, just as it did on that fateful day in mid-June which began Bear Hell.

(Click on image to enlarge)

Here you can see the trendlines going back for decades and their relationship to all this price action. It’s either “bounce or break” time for the Dow 15 Utilities.

(Click on image to enlarge)

More By This Author:

Watch The Bouncing Wood
Trimming The Hedges In My Happy-Bear Garden
Fear And Failure: Bonkers For IYR

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.