Equity Oracle: 03/23/2012

Utilities have been a relatively safe sector over the years mainly because inflationary costs have historically been passed on to the endline consumer. However, in this sector the lower risk has been matched up with lower returns. The advantage we have as traders is that we can squeeze out higher percentages as long as you stick to the charts. The utility sector is very
technically driven and as you can see from the chart above we are once again at one of the buy points. XLU is pivoting perfectly off of a well established support level which acts as an entry point and exit point, for managing risk.

Watch this week’s video »


To gain access to the PDF download and video, sign up for an Equity Oracle Subscription!
AJ Monte

About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

No comments yet.

Leave a Reply