Utilities – holding up pretty nicely

11/25/2018 – you can see some of the former work on the Dow Jones Utility Index here: as you can see, the index went right up into the target area and fell pretty nicely. that being said, it has held up rather nicely and just recently went up and tagged a nice retracement level.  probability […]

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Utilities as a safe play … not yet!

there has been speculation that Utilities are a safe play in a deflationary environment.  I don’t know what the fundamentals say, but I do believe we are starting another wave down in the Utilities.  After a very clear 5 waves down into the low of 2009, they have behaved much like everything and bounced rather […]

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