Markets – Macro – Stocks – Charts – Alerts

Is XLU about to go the way of 2013?

The $XLU chart shows a remarkably similar trajectory to 2013 in terms size and slope resulting in a sizable correction in the May/June time frame then. Is $XLU setting up for a similar corrective move now? It certainly begs the question especially given underlying weakness in tech and small caps. So far defensives have been able to mask the overall market weakness and related negative divergences:



Tagged as:

1 Response »


  1. Did the $XLU just ring a bell? | NorthmanTrader

Leave a Comment

The material on this website is provided for informational purposes only, as of the date hereof, and is subject to change without notice and does not constitute investment advice.
Home | About | Disclaimer | Contact
Copyright © 2013-2017 NorthmanTrader
The materials on this website may not be suitable for all investors and are not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.