A Bit Of Utility Damage

This remains a dreadfully drama-free market. As I type this, the ES is down all of 8 hundreths of a single percentage point. Whoop de freaking do.

One bit of obsession for me remains the Dow Utilities, on which I have an obscene number of January 2019 puts. Today, for the first time in months, we’re causing a tiny bit of damage to the ascending trendline. Nothing definitive, but it certainly helps.

Looking at a larger amount of time, you can see how important this broken wedge could be.

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


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