XLU: sellers retake control
XLU slips 0.5% as sellers retake control of US utilities
XLU: sellers retake control
Our view last week
The US utilities sector basket (XLU) carved a double bottom in the 43 area this week, with a 4% intermediate rebound — but the week's balance stayed negative, -0.8%, and sell volume moved back into the majority at 71%. Daily money flow, buying last week, has just turned negative, while price sits boxed between resistance and support, a step from its record highs. The sell signal, under management since its ninth week, is still down 3.5%.
This week's summary
XLU, the US utilities ETF, is seeing sellers return in force: 91% of last week's volume was on the sell side, the highest of the recent run, while price gave up just 0.5%. Daily money flow has turned negative and weekly buyers, dominant at the end of June, are pulling back. The sell signal has been under management for nine weeks: compared with a week ago, the loss has narrowed slightly, to 2.96%.
IQS Phase
67
in tension
Signal Strength
29
decline fading out
Sizing
MINIMUM
Ranking
#91 / 140
US stocks
Trade P&L %
-2.96%
from signal to today
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