Recently the big loser sectors were healthcare (which lost a lot as covid is no thing anymore) energy (as energy prices fell) and utilities, according to finviz. But has anyone a clue why and would you position for a rebound if you were or are swing trading?
If we are close to a recession - why are utilities among the big losers
- Thread starter David's faith
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In answer to your thread title, everything has its day.
Utilities will pick up shortly, they are beaten down and will rebound, not far away.
But just right atm your timing for a rebound could be wrong, it needs to come down a bit more or put it another way, it's a bit toppy atm.
Utilities will pick up shortly, they are beaten down and will rebound, not far away.
Why not.....
But just right atm your timing for a rebound could be wrong, it needs to come down a bit more or put it another way, it's a bit toppy atm.
Based on S&P's Guide to Sector Rotation
With the best sectors being Communication Services, Technology and Industrials
We should be between Full Recession and Early Recovery
After a market bottom and early bull market.
With the best sectors being Communication Services, Technology and Industrials
We should be between Full Recession and Early Recovery
After a market bottom and early bull market.
I was thinking kinda the same. If it goes a bit down I'd scale in.
Great post, thanks a lot. You know I'm a fan of you, glad to have you on here.
I’m actually starting to think that this “looming recession” is fully priced in, including at least two if not three ¼pt raises to over 6% by EOY.
unless the Fed goes balls-to-the-wall and cranks the fed fund rate up over 7% (or more), methinks that the $SPY will break 500 by year end.
Sh!t $AAPL just broke a 3T valuation… they can’t fail.
unless the Fed goes balls-to-the-wall and cranks the fed fund rate up over 7% (or more), methinks that the $SPY will break 500 by year end.
Sh!t $AAPL just broke a 3T valuation… they can’t fail.
I don't bother following utilities, so I thought to do a quickie on XLU with my system.
XLU just bordeline failed on technicals on one breakout (there can be several breakouts depending on which timeframe), there is no prospect for a longer term up move atm, it's at least a month away minimum on my method. There could be short term spikes which then fail, so my attention would be on something else, coal (eg BTU) would be one prospect to consider.
XLU just bordeline failed on technicals on one breakout (there can be several breakouts depending on which timeframe), there is no prospect for a longer term up move atm, it's at least a month away minimum on my method. There could be short term spikes which then fail, so my attention would be on something else, coal (eg BTU) would be one prospect to consider.
Because they do grwat regardless of the economic environment. They have sales even if the world comes to an end so to speak.
Great post.
I think this might be THE reason.