XLU, Immediate term trade and trend [08OCT2021]
XLU went strong bearish. I love to add this to short side of my portfolio, but my broker doesn't unfortunately allow it.
Then why do I track it? well, The code tracks sectors and ETFs to give a current weather of the market.
From what I can see so far, we are headed to another liquidity rush. Where, Equities make new all time highs.
If you can add it to the short side, I would suggest also adding XLF to the long side, along with a small XLK position too.
Let's see how this plays out
Redd
Then why do I track it? well, The code tracks sectors and ETFs to give a current weather of the market.
From what I can see so far, we are headed to another liquidity rush. Where, Equities make new all time highs.
If you can add it to the short side, I would suggest also adding XLF to the long side, along with a small XLK position too.
Let's see how this plays out
Redd