Utilities – again, ugh

If you’ve been following me, I saw a very nice SELL PRICE and TIME PATTERN on the Utilities. It worked for a while and then failed as the Utilities continued to climb. I was stopped out of the TBT long I tried and, while not exactly correlated, you can sometimes look at the Utilities and Rates. Figured w/ the SELL PATTERN coming on the Utilities then the TBT should go up. They failed. Back to the drawing board.

so, with fresh eyes, again, I took a look at the Utilities and – again – I see a long term SELL Utilities hitting right now. So, again, folks I’m a pure play pattern recognition investor. ZERO fundamentals. A lot of times the PATTERNS work and sometimes they don’t … probability is in my favor.

for your purview, the DJ Utilities Index and the XLU. Also, threw in a chart showing the 30 year long bond overlaid on the DJ Utilities for what it’s worth. look at the divergence over the past year or so … hmmmm.

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