CLICK ON CHART TO ENLARGE Utilities (XLU) has powered ahead of the 500 index by over 10% YTD. Now XLU is up against key resistance, some dating dating back the 2007-2008 lows. A breakout would be a positive for the broad market, yet resistance has to be broken first. Keep a close eye on this [...]
Often times investors and investment professionals use so-called “Defensive Sectors” to help reduce downside risk to an overall portfolio. This idea helped for a good while back in 2008… yet once these Defensive ETF’s started breaking support, that was when the broad market picked up downside momentum. Any reason to pay attention to these “Defensive” [...]
CLICK ON CHART TO ENLARGE With the market down 6 weeks in a row and investor sentiment much less bullish than it was a few weeks ago, picking up these defensive ETF’s on support could be rewarding for while. Game plan….Be a buyer on these key support lines with a stop 2-3% below these support lines!
Consumer Staples (XLP), Utilities (XLU) and Health Care (IYH) have reflected very good relative strength over the past 4 months, outperforming the S&P 500 by a good percentage (see inset in 3-pack below). Of late though these often viewed “defensive ETF’s” have broken a key support line that could be sending a macro message to [...]
CLICK ON CHART TO ENLARGE Bought Utilities on an upside breakout. Utilities have powered higher and out performed the S&P 500 by a good margin of late! This defensive sector has done really well of late. Is this break of support sending a message of a weak economy or a rotation to growth??? Game Plan….Am [...]
Developed and maintained by Skylight Sites
Recent Comments