Advertisements
Markets – Macro – Stocks – Charts – Alerts

$XLU Update

That $XLU chart I pointed out in the past week or so? We got some nice follow through today despite equity strength, or maybe because of it as safety is not longer required apparently:

XLU

The puts I mentioned on Friday? We closed them today for a nice gain:

XLU puts

Is the trade over? Not necessarily, as the 2013 action shows we may see much more aggressive selling, but it’s also options expiration and $XLU has taken out a month’s worth of gains in just 3 days:

XLU daily

And that may be a lesson for those eager to chase today’s low volume ramp session in the $SPY.

Advertisements

Tagged as: ,

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.