XLU – Afraid to Trade

Head and Shoulders for the Utilities?

Bycjrosen August 17, 2008

Is the Utility SPDR (XLU) on the precipice of a breakdown of a large head and shoulders pattern? At a minimum, we need to keep a close eye on this index for a potential resolution one way or the other. Let’s look. XLU Weekly Chart: Massive potential head and shoulders patterns such as this magnitude…

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Utilities Holding their Own

Bycjrosen June 24, 2008

The Utilities Sector (XLU) has shown relative strength in the background of the recent market downswing, and still trades in a respective chart position. Let’s look at its chart and its comparison to the S&P 500. XLU – Utilities Daily Chart: Since the March lows, price has steadily and comfortably trended upwards, and price now…