InvestorsHub Logo

No-Quarter

09/03/20 12:34 AM

#1370 RE: stiv #1367

I added XLU to the bottom of my 6 on this chart -



Live links here -
http://schrts.co/RzxJECSS
http://schrts.co/KzqBEkgw

When the slope line is above 0.00, I start the green bar. I calibrate the height of the bar for all @ 0.01. This allows for the height of the bar to be meaningful, and the height the slope line inside of, or above, the green bar is also meaningful.

All 5 of the SPDRS with green bars are better performers than XLU, and XLK is the highest performer of the bunch. Better here means trend lines are positive, and XLK has the fastest rising trend line.

That said, looking at XLU on its own I get a definite buy signal, but because the trend line is low, the possible gain will be low and risk high. -

http://schrts.co/EWrKnecN



This works because the overall trend (several months) is slightly rising. Barely, but it is.

...but DUK has a flat trend line. This means many false signals.



If it were me, I would stay away from energy ETF's and stocks for now. I hope I answered your question.