Four weeks into a sell signal — market not confirming
XLU: decline stalling, the market won't break
Four weeks into a sell signal — market not confirming
In Summary
XLU is four weeks into a sell signal that the market has yet to confirm: three observation weeks closed sideways, with no real break lower. This week ended with a slight gain and buying volume at 93%, while a double bottom has formed in the 43 area on the daily chart. The quality band flags trading as not recommended — the fund still trades 14.8% above its 200-week moving average.
IQS Phase
70
in tension
Signal Strength
2
indecisive week
Sizing
MINIMUM
Ranking
#33 / 114
US stocks
Trade P&L %
-1.50%
from signal to today
restricted Platinum content