Profit-Taking In LQD And XLU Positions: Assessing The Situation

silhouette of street lamp during daytime

Image Source: Unsplash

Earlier today, I told my premium members that I had taken profits on my LQD and XLU long positions. I feel good about LQD, but the jury is still out on XLU. Since I partly blew the puts so bad, I’m wondering if I’m in the midst of blowing the calls as well. Here we see that XLU has challenged support a couple of times, but has yet to break it.

My original target was 59.28, and I didn’t come anywhere close to it. Time will tell if I’ve managed to blow this thing in both directions.


More By This Author:

Dawn
Wednesday Wrap-up: A Recap Of The Day's Highlights
Final Bull Failure

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 ...

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

Comments