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Trading Strategy – Utilities Select Sector SPDR ETF

  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 …[read more]

Trading Strategy – Utilities Select Sector SPDR ETF

  Utilities Select Sector SPDR ETF (XLU) broke out Monday, rose 0.86 percent to 52.55 – a fresh high. There could be more gains ahead for the ETF, according to our “U.S. Market Trading Map”. Below is an update look at a trade in XLU. The graphic below is from our “U.S. Market Trading Map”, …[read more]

Trading Strategy - Utilities SPDR

  Utilities got hit hard Thursday.  The Utilities Select Sector SPDR Fund (XLU) sell-off for a second day, tumbled 2.09% to 46.93.  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 …[read more]

Trading Strategy - Utilities Select Sector SPDR

Renewed concerns that the Federal Reserve may soon start to wind down its bond-buying program sent stocks sharply lower in early Wednesday trading session before buyers stepped in and pushed the market off the intraday low but the major indices still closed lower for a third session. Most key S&P sectors ended in the red, …[read more]

Trading Strategy - Utilities Select Sector SPDR

Stocks finished modestly higher in lackluster trading Monday amid Citigroup (C) better-than-expected earnings together and report that China’s second quarter GDP growth of 7.5%, met expectations after some feared the reading could disappoint. Utilities ended atop Monday’s leaderboard with the Utilities Select Sector SPDR (XLU) advanced 1.63% to 39.27.  Below is an updated look at …[read more]

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