Does she punch through? XLU I believe she will (Opinion Only)XLU making a strong move today.
Not advice.
XLU trade ideas
XLUFailed breakout again last week. Watching for another attempt this week. Needs to stay above midpoint trendline for bullish bias.
V Bottom ABC BullishV Bottom break out is over prior high. This has not been broken
ABC possible targets and break out listed separately
Top 10 Holdings
NEE - NextEra Energy Inc16.18%
D - Dominion Energy Inc8.01%
DUK - Duke Energy Corp7.33%
SO - Southern Co6.79%
AEP - American Electric Power Co Inc5.07%
EXC - Exelon Corp4.43%
SRE - Sempra Energy4.29%
XEL - Xcel Energy Inc4.27%
ES - Eversource Energy3.57%
WEC - WEC Energy Group Inc3.54%
Possible Targets 2: 92 98
!XLU Long Entry: 13:26:00 (UTC) Thu Jul 30, 2020Today's GDP number has confirmed cyclical inflation, with a devalued dollar (not a longterm, more like 5-10 months) of inflation. For those that don't understand how inflationary economic progress without real (nominal) GDP works, it's bad for everyone except the wall-street facilitating primary dealers and broker dealers. It's that easy. Even though good are going up for the average family, do you think that wall street speculators care?
XLU - Symmetrical TriangleLooking for a breakout to the upside.
But it could easily go the other way.
Thoughts?
XLU Position Update: 13:57:15 (UTC) Tue Jun 16, 2020XLU Position Update: 13:57:15 (UTC) Tue Jun 16, 2020
