Category: Utilities

05/01 – 05/05 Utilities

XLU

Prior pivots for trading this week are 52.23 and 51.10 on XLU. As long as XLU hold above 50.75 stay bullish and watch for follow through to clear 52.23 trading strong sub-sectors/stocks. If bears build up power and broke above 51.10 see if they hold and watch for follow through to 50.50 trading weak stocks.

Strong stocks :

NEE, CNP .

Weak stocks : 

NRG .

Interesting ( Trades depending on the sector’s activity ) :

ED, DUK, D, PCG, AEP, EIX, PPL, XEL, ES, CNP, AWK, CMS, PNW, NI, ETR.

 

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03/27 – 03/31 Utilities

XLU

Prior pivots for trading this week are 52.23 and 50.75 on XLU. As long as XLU hold above 50.75 stay bullish and watch for follow through to clear 52.23 trading strong sub-sectors/stocks. If bears build up power and broke above 50.75 see if they hold and watch for follow through to 50.50 trading weak stocks.

Strong stocks :

NEE, DUK, PCG, AEP, EIX, XEL, WEC, ES, AEE, CNP, PNW, NRG.

03/20 – 03/24 Utilities

XLU

From now utilities are more bearish than bullish as bulls fail to maintain gains and move back into the range.

Prior pivots for trading this week are 52 and 50.86 on XLU. Don’t get too bearish until XLU broke and hold below 50.86, if we broke and hold below 50.86 watch for follow through to clear 50.50 trading weak sub-sectors/stocks.

Strong stocks : 

PCG, SRE, PPL, AEE, CMS, CNP, PNW.

Neutral : 

AEP, EIX, ED, PEG, XEL, WEC, ES, AWK, LNT.

01/03 – Waiting For Trump

All things mentioned in my market research  are the same, but there’s more caution in the air because meny secotors are overbought as I said.

XLV daily and weekly charts : 

xlvd1    xlvw1

IBB daily and weekly charts : 

ibbd1    ibbw1

On monday and tuesday we had a great move in Healthcare leaded  by biotech sector as IBB broke last week hi. I played this in stocks like AMGN, CELG, EXEL and PTLA mentioned in my market research  for biotech .See if IBB will broke and hold above 300 for anover move.

XLU and /CL daily charts : 

cld1     xlud1

Also we see that utilites showed some commitment and relative strength on thuesday as we broke 52.75. The prior pivot for now is 51.20, see if they hold and watch for follow through trading strong stocks.

Oil have played a nice support bounce from low of the flag, nothing changed and see if it remain strong.

Gold have showed some weakness and it looks like it needs a little more time to rest. Now the prior pivot  is 1237 on /GC.

Also at 9:00 pm ( New York Time ) President Trump Speaks to congress and lets see what he says, maybe this will give some new opportunities tomorrow.

If something will change i will come with an update.

 

 

 

 

02/27 – 03/03 Utilities

xlud1

As you see in the XLU daily chart ultilities closed above 51. See if they hold and watch for follow through to 52.75.

But in spite of this, we are extended from the 9day EMA, so we need to be patient trading utilities stocks.In case of gapping up on monday above 52.75  or in another day after clearing this level, we may see a move down in that day as we move further in overbought area, so don’t take too much size playing this sector.In case if bears build up power and broke 51 see if they hold 9 EMA or next level – 49.50.

Electric Utilities : 

  • Strong Stocks : AEP, GXP, DUK , NEE, EIX, OGE, ETR , PPL ,EXC ..
  • Weak Stocks : WR.

Multi-Utilities : 

  • Strong Stocks : AEE, SRE, CMS, CNP, DTE, NII, PEG.
  • Weak Stocks : SCG.

Independent Power and Renewable Electricity Producers : 

  • Strong Stocks : NRG.