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It’s important to note that utilities remains resilient with the Utilities Select Sector SPDR ETF (XLU) closed at record high Thursday. XLU outperformed the boarder market, up 11.80 percent year-to-date. According to our “U.S. Market Trading Map”, there could be more gains ahead for the ETF. Below is an update look at a trade in XLU.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges. As shown, the underlying is in a short-term bullish trend when the price bars are painted in green. The underlying is in a short-term bearish trend when the price bars are painted in red. The yellow bars identify period of neutral or sideways trading pattern. Additionally, the light-blue shading represents the short-term trading range. A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading). Readings above or below the red and green shaded areas are considered extremely overbought or extremely oversold.

UtilitiesETF_20170615

Chart 1.2 – Utilities Select Sector SPDR ETF (weekly)

Our “U.S. Market Trading Map” painted XHB bars in bright green (strong buy). Over the past few weeks, XLU is basing sideways near support at the prior high set last summer as it works off overbought conditions. Money Flow measure held firmly above the zero line since the ETF reached an interim low in 2015, indicating there was little selling pressure. This is a bullish development, supporting…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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