Utility Index might fall back to 40 week MA

Discussion in 'Stocks' started by michaelscott, Jun 6, 2007.

  1. I looked at the $UTY and I believe it might be ready to fall to the 40 week MA if it violates a certain trend line as shown on the chart.

    The SDP ultrashort ETF is going to be my choice here. Rising bond yields do not spell good times for the utilities. In fact, the fall could be even more dramatic and go to the 470-480 level...
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  2. I think this would go well in your journal. :p
  3. S2007S


    Im watching UPW at the moment, ETF has fallen pretty hard in the last week. Looking to go long a small positon on anything under 82. This is a proshare ETF 2X BULL.
  4. Wow. I didnt expect the UTY to fall this quick. Its now under 540. Im going to buy a little bit of the SDP.
  5. S2007S


    IN UPW at $84.72.

    Last dip around this area and it jumped back to 90+....

    Careful trading UPW though, the spread is huge.