Hey, didn't we say that last week?
But big inflow reported on the 19th.
XLU is listed as #2 on fund creation list early in the 22nd, so money must still be flowing in, right?
XLU is hugging the 50 day average line, but wait! Is that bullish divergence I detect on the RSI (higher lows)? OK, it is probably flat, but I'm hoping.
At least we were stronger than the market today.
Good luck to all longs. As always, do your own DD.
Anyone sorry you are holding XLU today (Thursday, March 29th)??????
As I post this message, XLU is down 0.12% and the S&P is down 0.86%. Hope that relative strength holds and that I don't curse us by posting this message. Yeah, investors can be as superstitious as baseball players.
XLU retreating today; contains all the stocks U mention; you can't get too concerned about small fluctuations as they do tend to do well during Apr into May. Alpha at least 20% higher than beta depending on time frame against the index. It can be a wild ride if you hold it too long into May. Patience can be a virtue.
I sold XLU this morning with a decent profit. If
i had just held D from yesterday i would have done
even better but who knew it would go up so much.
So now i didn't know what to buy at a decent price.
i checked the stocks i follow on my yahoo portfolio
and i saw that NGG another utility that i haven't
traded in a while was down. I didn't see any bad
news so i bought it but i couldn't get a trade out
of it today so i hope tomorrow it goes to at least 51.
XLU is like a diesel engine. Tech and financials are like rocket fuel (risk on) engines. XLU will underperform when the market is way up, but when the market is tepid or down a little, XLU should outperform, and in the end it seems to balance out.
Question: Any of you know of a good, free web site that does sector trading with sector ETFs? There are lots of paid subscription services. I've thought about subscribing to one of them that costs only $79.95 a year, but if I can find a decent free web site, I'll try it for a few months. Up until now I've merely grabbed my information from here and there.
Usually there is a sector, maybe two, that is doing better than any other, and I like the security of a basket of stocks in an ETF, so it is sort of like the "best of breed" trading but instead of the best equity, you are trading the best sector month by month with the security of an ETF.
I still think all the stocks you mention look good; WEC being the weakest so far today, but holding on. Just glancing briefly at HNZ, it could still push higher against the BB, actually it still looks strong to me. I'm not in this stock, but good choice.
I believe this will surge into April, it usually does. However, sell after the surge and buy back no later than late august into sept. I don't trust this stock we've had two crashes; May '10 and early Aug '11. So I say take your money off the table after the next surge to the top of the BB and then get out for the summer. JMO
Smart advice. When an equity hits 60% on the RSI, I start watching it close. At 65% I start layering out. At 70%, if it makes it, I'm usually two-thirds out with a stop in place for the rest. Going down, I'll start buying at 45%, 40%, 35%, 30%, also watching the BBs on the price chart.