Maybe I should just stop trading anything but the Utilities, since I seem to get along best with that particular financial instrument. Let’s take a look at some recent activity with the Dow 15 ETF..….
There are three key items in the chart
- The magenta tint, which I believe was on the 15th of September, was when I shouted to anyone who would listen that they should short the devil out of XLU;
- The green tint, which was on the 3rd of this month, as I recall, was when I said to do EXACTLY the opposite. You can read my very detailed of analysis of this here.
- The yellow tint was my target for the move, which I made clear to premium customers. We are ALMOST THERE.
As everyone on the planet knows, I only captured about 50% of the profit on the puts and, oh, I’d say about 3% of the profit on the calls! So I blew it both directions. All the same, the IDEAS were spot-on, and congratulations to those of you who held on tight to their long positions (even with the brief fake-out, in which the 10/3 low was briefly taken out) and have profited handsomely!!
