Utilities under pressure — sell signal at week 6
XLU: technical rebound in an ongoing short trade
Utilities under pressure — sell signal at week 6
In Summary
At week 6 of the sell signal, XLU — the utilities sector ETF — closes the current week with a 3.2% rebound and 98% buy volume: the strongest week of the last four. A double bottom has formed in the 43 area, CMF has turned positive, and the sell signal did not get confirmed over the 3 observation weeks. The picture calls for attention: the pressure has eased.
IQS Phase
44
ordinary
Signal Strength
2
indecisive week
Sizing
MINIMUM
Ranking
#126 / 131
US stocks
Trade P&L %
-5.31%
from signal to today
restricted Platinum content