Earlier today, I told my premium members that I had taken profits on my LQD and XLU long positions. I feel good about LQD, but the jury is still out on XLU. Since I partly blew the puts so bad, I’m wondering if I’m in the midst of blowing the calls as well. Here we see that XLU has challenged support a couple of times, but has yet to break it.
![](https://slopeofhope.com/wp-content/uploads/2023/10/xisi-640x254.png)
My original target was 59.28, and I didn’t come anywhere close to it. Time will tell if I’ve managed to blow this thing in both directions.
![](https://slopeofhope.com/wp-content/uploads/2023/10/xlutarget-640x623.png)