Oh, Dow Jones Utilities, will you be my bride? This Fibonacci is freakin’ incredible, and I’ve only mentioned it seventy times.
Another Perfect Reversal
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An ETF/Index Distinction
Even though the piece is from just earlier today, I wanted to revisit the Utilities Target Reached post. Please take a look at this chart:
PREMIUM: 10-4, Good Buddy…….
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Fractured Fairy Tales
I originally was going to entitle this post “Hez-bull-ah” or “Hez-Booyah!”, but if I can get in trouble with Twitter for calling you people “spoiled“, I’d probably get incarcerated for such a witty but edgy title. So you get one from my childhood memory instead. Well done.
In any case, it’s no surprise to see red across the board, although evidently World War III is only worth 0.75% or so. We have collapsed, ONCE AGAIN, below the weekly price gap and are, of my ten little fingers typing these words on the keyboard, precisely at the Fibonacci level of 4309.26:
Give Me a Double?
Well, it’s not a bad day so far. The bucking bronco called XLU is trying to throw me off, but I’m hanging on. I wanted to do a quick post about the almost-always-interesting real estate fund symbol IYR. It has reached a level not witnessed by many other financial instruments, which is to match the Rolo Low of October 13th of last year.
